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Wednesday 26.07.2017 | Name days: Ance, Anna, Annija
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Finance Minister: we have to be ready for flexibility in the reform plan

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCurrently we have to progress forward with the intended tax reform and prepare for a degree of flexibility, says Latvian Finance Minister Dana Reizniece-Ozola.

«The main variant is that we progress forward and work on reforms within the planned package. It would be nonetheless reasonable to prepare for some flexibility and perform a more gradual introduction of certain measures,» said the minister after her meeting with Prime Minister Maris Kucinskis.

According to her, it is important to continue work and add corrections to EC reports in autumn if need be. The minister refrained from providing more detailed comments on which reform proposals could be changed later.

At the same time, the minister says generally positive signals have been received from EC in relation to Latvia’s intended tax reform.

BNN had previously reported that EC’s performed assessment of Latvia’s fiscal plan mentioned certain risks of deviation from requirements of the Stability and Growth Pact.

On Wednesday, 24 May, Maris Kucinskis said there is time before autumn, when EC’s report on the reform is set to be published, to come up with a reserve variant. Kucinskis does refrain from commenting on his own position on this matter.

Reizniece-Ozola had previously said that Latvia’s tax system was planned fiscally responsible, and that the European Commission cannot stop its realization.

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