1994 Lithuanian privatisation referendum
27 August 1994
| |
| Outcome | Proposal 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
| Question | For | Against | Invalid/ blank |
Total votes |
Registered voters |
Turnout | Outcome | ||
|---|---|---|---|---|---|---|---|---|---|
| Votes | % | Votes | % | ||||||
| Enactment of a law on privatisations | 749,172 | 89.00 | 92,593 | 11.00 | 54,014 | 895,778 | 2,428,105 | 36.89 | Quota not reached |
| Repeal of illegal privatisations | 748,866 | 88.96 | 92,900 | 11.04 | Quota not reached | ||||
| Elimination of the consequences of privatisations | 747,624 | 88.74 | 94,900 | 11.26 | Quota not reached | ||||
| Restoration/compensation for devalued private bank accounts | 749,847 | 89.08 | 91,917 | 10.92 | Quota not reached | ||||
| Indexation of the value of long-term investments | 748,171 | 88.88 | 93,592 | 11.12 | Quota not reached | ||||
| Restoration of devalued state-owned share capital | 747,755 | 88.83 | 94,008 | 11.17 | Quota not reached | ||||
| Standardisation and openness in legal protection | 751,955 | 89.33 | 89,811 | 10.67 | Quota not reached | ||||
| Implementation of the law on privatisations | 749,356 | 89.02 | 92,409 | 10.98 | Quota not reached | ||||
| Source: Direct Democracy | |||||||||
References
- ^ Dieter Nohlen & Philip Stöver (2010) Elections in Europe: A data handbook, p1201 ISBN 978-3-8329-5609-7
- ^ a b Nohlen & Stöver, p1210