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Friday 22.09.2017 | Name days: Maigurs, Mārica, Māris
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Latvia’s new President plans to help create more predictable tax policy

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn order to help the development of entrepreneurship in Latvia, there has to be stability in economic development. It is a matter in which the President can achieve considerable progress using his authority. First of all, this means a more predictable tax policy, said the newly elected President of Latvia Raimonds Vejonis in his interview to Satrēgumstunda programme of LTV.

«Taxes change often in our country,» – said Vejonis, adding that it does not help motivate people to invest in Latvia’s economy.

«If we manage to secure predictability and compliance with fiscal discipline, revenue and expenses will become balanced and Latvia will be able to give a positive signal to foreign investors,» – said Vejonis.

He added: «In order to improve the country’s image, it is necessary for actions to follow promises.»

During his first press-conference as President of Latvia, Vejonis said his priority will be security in many aspects of the word – strengthening of armed forces and their development, increase of NATO presence in Latvia and Baltics and strengthening of the country’s borders.

If the country is secure, the country is able to develop economically and attract investment. And «if we are economically secure, we will also be socially secure», lsm.lv cites Vejonis.

Vejonis hopes to create a work environment in Latvia that would help stimulate the rise of well-paid jobs. This should help discourage people from leaving Latvia.

The newly elected president also expresses his readiness to make unpopular decisions and carry them through the government. One example he mentioned was the problems in the country’s health and education fields. He said politicians are not always prepared to make painful decisions.

As previously reported, Vejonis received 55 votes in his favour in the Saeima. 42 voted against him, one voting sign was invalid and one parliamentarian abstained from the vote.

Vejonis will be the fifth President of Latvia since the restoration of the country’s independence and the ninth one since the foundation of the Latvian state.

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