1994 Lithuanian privatisation referendum

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1994 Lithuanian privatisation referendum
Flag of Lithuania (1988-2004).svg
27 August 1994
OutcomeProposal failed as less than 50% of registered voters voted in favour

A referendum on a law revoking privatisation deals was held in Lithuania on 27 August 1994. [1] The proposed law put forward procedures for reversing privatisation deals conducted in a non-transparent manner, as well as compensating citizens for the loss of savings caused by inflation. [2] A total of eight questions were asked, and although around 89% voted in favour of all of them, the voter turnout of 40% meant that the threshold of 50% of registered voters voting in favour was not passed, resulting in the proposal failing. [2]

Results

QuestionForAgainstInvalid/
blank		Total
votes		Registered
voters		TurnoutOutcome
Votes%Votes%
Enactment of a law on privatisations749,17289.0092,59311.0054,014895,7782,428,10536.89Quota not reached
Repeal of illegal privatisations748,86688.9692,90011.04Quota not reached
Elimination of the consequences of privatisations747,62488.7494,90011.26Quota not reached
Restoration/compensation for devalued private bank accounts749,84789.0891,91710.92Quota not reached
Indexation of the value of long-term investments748,17188.8893,59211.12Quota not reached
Restoration of devalued state-owned share capital747,75588.8394,00811.17Quota not reached
Standardisation and openness in legal protection751,95589.3389,81110.67Quota not reached
Implementation of the law on privatisations749,35689.0292,40910.98Quota not reached
Source: Direct Democracy

References

  1. ↑ Dieter Nohlen & Philip Stöver (2010) Elections in Europe: A data handbook, p1201 ISBN   978-3-8329-5609-7
  2. 1 2 Nohlen & Stöver, p1210
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