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1994 Lithuanian privatisation referendum

Field	Value
date	27 August 1994
flag_image	Flag of Lithuania (1988–2004).svg
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. 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. 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.

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
Repeal of illegal privatisations	748,866	88.96	92,900	11.04
Elimination of the consequences of privatisations	747,624	88.74	94,900	11.26
Restoration/compensation for devalued private bank accounts	749,847	89.08	91,917	10.92
Indexation of the value of long-term investments	748,171	88.88	93,592	11.12
Restoration of devalued state-owned share capital	747,755	88.83	94,008	11.17
Standardisation and openness in legal protection	751,955	89.33	89,811	10.67
Implementation of the law on privatisations	749,356	89.02	92,409	10.98
Source: Direct Democracy

References

[[Dieter Nohlen]] & Philip Stöver (2010) ''Elections in Europe: A data handbook'', p1201 {{ISBN. 978-3-8329-5609-7
Nohlen & Stöver, p1210

Info: Wikipedia Source

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