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Monday 24.10.2016 | Name days: Renāte, Modrīte, Mudrīte

Saeima deputies also make considerable cash savings

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RULatvian State Revenue Service has voiced a proposal to pay more attention to the order at which inheritance in received. In addition, the service has also proposed limiting the amount of cash money state officials are allowed to keep. In order to exact these changes, however, the support of politicians is necessary.

There are Saeima deputies that receive their wages on their bank account. Nevertheless, there are also those who prefer notes.

De Factor programme of LTV reports that one-fifth of Saeima deputies stated in their declaration for 2014 having savings larger than EUR 1,000. It is possible that this factor could play a major role in future discussions of members of the parliament, specifically regarding the threshold of savings.

Initial estimates stated that 5 – 7% of approximately 50,000 officials had cash savings at the moment of initial declaring. This proportion is approximately three times higher among Saeima deputies.

Representatives of almost all political parties allow for the possibility of reducing the size of permitted cash savings for state officials. Opinions differ only in regards to the threshold for this restriction.

Based on information from state officials’ declarations for 2014, Janis Klauzs from the Union of Greens and Farmers can be considered a leader in terms of cash savings – EUR 60,649. The same can be said of two Harmony deputies – Andrejs Elksnins (EUR 45,000) and Ivars Zarins (EUR 40,000). Zarins is one of the deputies who strongly oppose the adoption of any restrictions in regards to cash savings: «It’s a very foolish idea. It will lead nowhere. It is much more important to control the source of such income. Let people do with their money what they want.»

Deputy Aivars Meija of To Latvia From the Heart has EUR 30,550 worth of cash savings. He claims he had experienced difficulties with getting back his savings from Parex Bank. Now he never keeps his money in a bank. He believes restrictions should be added to amounts that exceed EUR 50,000 if the owner of the money cannot prove its origin.

Solvita Aboltina, leader of Saeima faction of Unity keeps EUR 5,700 in cash savings. «I believe amounts equal to 10-20 minimum wages can be used for emergencies,» – she said, adding that this amount was left from selling her mother’s apartment.

One-fifth of deputies have also given out loans. Discussions are currently held to make it mandatory to confirm loan agreements at a notary. SRS allows that some loans are not carried out under agreements of any kind.


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