Assessments of Lithuania’s convergence programme

As required by the Stability and Growth Pact, each spring Lithuania submits a convergence programme which presents an update of the medium-term fiscal strategy.

Based on an assessment by the Commission prepared by DG ECFIN, the Council adopts an opinion on the programme and country-specific recommendations in the scope of the European Semester.

Euro area Member States submit stability programmes while countries outside the euro area submit convergence programmes.

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The EU Excessive Deficit Procedure and Lithuania

Lithuania is currently not subject to an Excessive Deficit Procedure.

The Commssion published on 15 Nov 2013 a report prepared in accordance with Article 126(3) of the Treaty on the Functioning of the European Union (TFEU).