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Lithuania.pptx

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The document summarizes Lithuania's transition to a market economy after independence from the Soviet Union in 1991. It discusses how Lithuania embarked on privatization programs but faced economic complications as most of its trade was still tied to collapsing former Soviet republics. Lithuania was dependent on imports of oil, gas, and industrial materials. High inflation and unemployment resulted from the transition. However, successive governments implemented stabilization policies that reduced inflation, and by 1995 Lithuania had a positive trade balance for the first time since independence.

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BY : LIEZEL T. COLANSE REPORTER
Even before independence from the U.S.S.R. was formally established, the Lithuanian government had embarked on a program of dismantling the Soviet economic system. Beginning in February 1991, laws were passed to facilitate privatization. Complications marred the governments aspirations, however. the bulk of Lithuanias trade was still closely linked to the former republics of the U.S.S.R., which were themselves in the throes of economic collapse. Lithuania was dependent on critically important foreign oil and natural gas and industrial raw materials. The transition to a market economy had caused high rates of inflation and unemployment. Nevertheless, the succeeding governments continued to implement stringent stabilization policies; by 1995 inflation had been reduced, and the countrys trade balance was positive for the first time since independence. Lithuania was admitted to the EU in 2004. ECONOMY
Lithuania.pptx
Lithuania.pptx
Lithuania.pptx
Lithuania.pptx
Investing in Education and Training Lithuania invests more public funding in education and training than the EU average, but expenditure per learner remains low. Lithuanias general government expenditure on education was 5.2 % of GDP in 2016 vs 4.7 % on average across the EU1 . This is a decline of 1.2 pps between 2010 and 2016, significantly larger than the 0.6 pps EU-wide decline in the same period.
The share of total public government expenditure that goes to education and training has remained broadly stable, at 15.1 % in 2016, just 0.1 ps. less than in 2010. The respective EU figures were 10.5 % in 2010 and 10.2 % in 2016. Despite the relatively high levels of investment in absolute terms, Lithuanias expenditure per pupil/student from primary to tertiary education, which stood at EUR 693 in 2015, was the third lowest in the EU (only Bulgaria and Romania invested less).
Modernising school education Lithuanias education and training system is successful in preventing early leaving and provides a solid level of basic skills.
REFORMS IN EDUCATION The government initiated reforms to address challenges in the student basket funding system. Education in Lithuania is predominantly funded through a student basket model, in which funding is allocated based on the number of students enrolled. The model, introduced across education sectors between 2002 and 2012, initially aimed to address problems of efficiency, regional disparities and the optimization of the institutional network (Shewbridge, C. et al., 2016).
LITHUANIA POLITICAL VIEW
Lithuania.pptx
Lithuania.pptx
Lithuania.pptx
Lithuania.pptx
Lithuania.pptx

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Lithuania.pptx

  • 1. BY : LIEZEL T. COLANSE REPORTER
  • 2. Even before independence from the U.S.S.R. was formally established, the Lithuanian government had embarked on a program of dismantling the Soviet economic system. Beginning in February 1991, laws were passed to facilitate privatization. Complications marred the governments aspirations, however. the bulk of Lithuanias trade was still closely linked to the former republics of the U.S.S.R., which were themselves in the throes of economic collapse. Lithuania was dependent on critically important foreign oil and natural gas and industrial raw materials. The transition to a market economy had caused high rates of inflation and unemployment. Nevertheless, the succeeding governments continued to implement stringent stabilization policies; by 1995 inflation had been reduced, and the countrys trade balance was positive for the first time since independence. Lithuania was admitted to the EU in 2004. ECONOMY
  • 7. Investing in Education and Training Lithuania invests more public funding in education and training than the EU average, but expenditure per learner remains low. Lithuanias general government expenditure on education was 5.2 % of GDP in 2016 vs 4.7 % on average across the EU1 . This is a decline of 1.2 pps between 2010 and 2016, significantly larger than the 0.6 pps EU-wide decline in the same period.
  • 8. The share of total public government expenditure that goes to education and training has remained broadly stable, at 15.1 % in 2016, just 0.1 ps. less than in 2010. The respective EU figures were 10.5 % in 2010 and 10.2 % in 2016. Despite the relatively high levels of investment in absolute terms, Lithuanias expenditure per pupil/student from primary to tertiary education, which stood at EUR 693 in 2015, was the third lowest in the EU (only Bulgaria and Romania invested less).
  • 9. Modernising school education Lithuanias education and training system is successful in preventing early leaving and provides a solid level of basic skills.
  • 10. REFORMS IN EDUCATION The government initiated reforms to address challenges in the student basket funding system. Education in Lithuania is predominantly funded through a student basket model, in which funding is allocated based on the number of students enrolled. The model, introduced across education sectors between 2002 and 2012, initially aimed to address problems of efficiency, regional disparities and the optimization of the institutional network (Shewbridge, C. et al., 2016).