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Tuesday 18.02.2020 | Name days: Kintija, Kora
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Rīgas satiksme’s tear in state budget to be covered using residents’ money

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The negative effect public transport company SIA Rīgas satiksme (RS) has had on the state budget’s fiscal space is planned to be compensated by the government by dividing the PIT payments to Riga City Council, according to Finance Ministry’s report on fiscal space activities and priorities for expenses in 2020 and contents for 2020-2022.

As previously reported, in accordance with European Accounts System’s methodology, based on which statistical data on EU member states’ fiscal indexes, RS has been added to the government’s general sector. This means the 2020 state budget fiscal space will decline by EUR 72 million, according to Finance Ministry.

To compensate the negative influence the company has created for the state budget, the ministry has considered a number of activities intended to reduce negative influence. The ministry has found it is possible to «compensate the amount in accordance with PIT division principles from the municipality’s PIT revenue once finances of municipalities have been equalized».

It is planned for this compensation amount to not exceed EUR 38 million in 2020 and EUR 10.1 million in 2021. Amounts may be clarified further based on new and evaluated information, the ministry explains.

Riga City Council chairman Oļegs Burovs had previously said he had a professional and politically pragmatic conversation with Finance Ministry’s representatives about RS in August.

The mayor said at the time that because of the situation there is a desire to punish Riga City Council in double – EUR 140 million – because of the information regarding damages worth EUR 70 million done to the state budget.

Burovs stressed the «real situation» that of the EUR 70 million, the largest portion is made of the funds used for the procurement of trams with «old contracts». The aforementioned transports are ready, added the mayor. The politician stressed that in this situation it is very easy to publicly criticize Riga City Council, but the municipality does not intend to organize protests outside the building of the Cabinet of Ministers in response.


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