council opinion march updat converg programm lithuania council european union regard treati establish european commun regard council regul ec juli strengthen surveil budgetari posit surveil coordin econom polici articl thereof regard recommend commiss consult econom financi committe deliv opinion march council examin updat converg programm lithuania cover period programm broadli compli data requir revis quot code conduct content format stabil converg programm quot requir data relat extern assumpt option data provid make difficult programm evalu lithuania invit achiev complianc data requir code conduct macroeconom scenario underli programm envisag real gdp growth deceler averag rest programm period basi inform scenario reflect plausibl growth assumpt programm project inflat realist project appear low side kei object medium term fiscal strategi defin programm approxim cyclic balanc gener govern budget programm forese gener govern deficit remain gdp declin gradual primari deficit expect improv margin gdp decreas gradual consolid plan achiev increas revenu ratio low base expenditur side contribut revenu expect increas gdp peak expenditur foreseen initi increas gdp decreas gradual signific programm public invest implement lift public invest gdp result averag public invest ratio programm period gdp eu averag gdp compar programm deficit outcom estim lower budget target maintain consider downward revis gdp growth risk budgetari project programm broadli balanc hand govern shown good track record meet fiscal target recent year growth assumpt cautiou downsid macroeconom risk limit main risk fiscal project stem uncertainti applic budgetari measur announc programm tax revenu target difficult achiev compensatori measur abolit turnov tax introduc failur execut foreseen measur constrain expenditur overrun threaten budgetari target programm period risk stem uncertain cost pension reform high outstand conting liabil budget arrear outstand liabil relat save real estat restitut oblig spend relat decommiss ignalina nuclear power plant light risk assess budgetari stanc programm provid suffici safeti margin breach gdp deficit threshold normal macroeconom fluctuat programm period insuffici ensur stabil growth pact medium term object budgetari posit close balanc achiev background strong econom perform larg current account deficit prudent budgetari polici need view prevent potenti risk overh debt ratio estim reach gdp gdp treati refer programm project debt ratio remain level peak lithuania appear favour posit regard long term sustain public financ project budgetari cost ag popul import element low debt ratio pension reform measur enact includ introduct fund pillar contribut limit budgetari impact ag strategi outlin programm base contain budgetari deficit medium term long term budgetari impact pension reform risk relat cost pension reform monitor addit reform measur field health care involv higher expenditur lithuania low tax ratio sustain gap aris long run address rais econom polici outlin updat broadli consist countri specif broad econom polici guidelin area public financ measur project revenu save budget eu financ deficit reduct limit expenditur overrun announc measur extend save made item unrel eu financ view assess council opinion lithuania time implement tax measur announc govern converg program real estat tax vehicl tax make progress close balanc budgetari posit order manag domest demand pressur fuell strong credit growth prevent deterior current account deficit acceler underli inflat ii implement strictli budget order reduc risk breach refer iii project addit revenu unus expenditur item deficit reduct comparison kei macroeconom budgetari project converg programm cp commiss servic econom forecast real gdp chang cp januari octob cp hicp inflat cp januari octob cp gener govern balanc gdp cp januari octob cp primari balanc gdp cp januari octob cp govern gross debt gdp cp januari octob cp oj document refer text found websitehttp europa eu int comm economi financ activ sgp main en htm