bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Friday 15.02.2019 | Name days: Olafs, Aloizs, Alvils, Olavs
LatviaLatvia

Latvian government approves next year’s budget plan

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOn Tuesday, 29 September, Latvian government supported the budget project for 2016, which states that next year’s revenue may reach EUR 7.37 billion and expenses – EUR 7.65 billion.

Compared with 2015 plan, the new draft provides for an increase of revenue by EUR 114.2 million and a EUR 183.2 million increase in expenses.

GDP outlook for 2016 is set at EUR 26.13 billion.

The allowed general budget deficit is set at 1% of GDP.

Maximum state debt for the end of 2016 is set at EUR 10.1 billion. It has also been decided that the Finance Minister will be allowed to provide guarantees on behalf of the state worth EUR 35,956,620 in 2016. The general increase for state budget loans has been set at EUR 243,269,723.

Education and Science Ministry’s funding for study loans and coverage of study loans has been set at EUR 2,139,604.

The government has supported the proposal to divide up PIT revenue between the state and municipal budgets the following way: 80% to municipal budgets and 20% to state budget. PIT rate is 23%; taxpayers monthly tax-free allowance is EUR 85 and PIT benefits for dependants is EUR 165. Expected PIT revenue for municipal budgets is EUR 1.21 billion.

The government has also decided to support proposals to retain annual state budget grant for mandatory procurement component as part of Economy Ministry’s ‘Electrical energy consumer’s support’ at EUR 26.79 per MW.

On Wednesday, 30 September, the 2016 budget plan will be submitted to the Saeima.

Ref: 102.109.109.6373


Leave a reply

Latvian President: All should acknowledge constitutional values as their own

At the anniversary of the Constitution of the Republic of Latvia, President Raimonds Vējonis, urged everyone in Latvia «to acknowledge the values of the Constitution as one's own and be ready to stand for the basic law both in big issues and in aspects of daily life».

Court rules EUR 200 thousand bail for criminal suspect of Riga transport firm

A court in the Latvian capital has set at 200 000 euros the bail money for ex-board chairman of the Riga public transport company Rīgas satiksme, who is a suspect in the criminal case over possible corrupt procurement dealings at the municipal firm.

Grave terror attack shakes Kashmir, conflict region of India, Pakistan

A terror attack has taken place in the disputed region of Kashmir, a long source of argument between India and Pakistan, taking the lives of 44 people.

British parliament rejects government's approach to Brexit talks

As the government of the United Kingdom sought the backing of the British Parliament to its strategy for the remaining weeks of Brexit talks with the European Union, a motion endorsing the government's strategy was rejected with a majority of 45 votes.

Lithuanian lawmakers set to backtrack on «Norwegian-type» child welfare protection

The Lithuanian lawmakers have sent this week a mixed message on their resolve to root out child abuse in Lithuanian families. As the MPs backtracked from the stringent Norwegian-type child welfare protection law to a more lenient one, not-criminalizing corporal punishment in certain cases, some experts warn that the reverse can trigger a spike of child abuse cases.

Drivers warned in Latvia as roads slippery in warmer temperatures

Black frost is hampering driving on Latvia's main and regional roads. The road administration body Latvijas Valsts ceļi (LVC) says that maintenance teams are covering the roads with antiskid materials and advises drivers to be very careful.

Programmer, physiotherapist and pilot – top professions on Latvian Job Shadow Day

The Job Shadow Day 2019 was held on February 13 in Latvia and the professions of programmer, physiotherapist and pilot were the most attractive as 1 545 companies offered the chance to follow working specialists throughout the day, according to the data by Junior Achievement Latvia.

Macedonia starts name-change from signs to currency, passports

Macedonia's official gazette has published the name-change agreement, launching a campaign of renaming the country as North Macedonia and allowing for its accession to NATO and eventually the European Union.

Dozens of British ex-ambassadors call for delay of Brexit

A group of over 40 British ex-ambassadors have urged the country's Prime Minister Theresa May to delay the withdrawal of the United Kingdom from the European Union, British media report.

Port of Ventspils sees 40% boost in cargo turnover on year

Cargo turnover at the Freeport of Ventspils has in January 2019, compared to the respective month in 2018, jumped by 40.12% or 593 tonns, according to data from the Port Administration.

New CEO of Rail Baltic project is Finnish railway executive Riihimäki

To advance the pan-Baltic railway project, the Supervisory Board of RB Rail AS has appointed Timo Riihimäki as Chief Executive Officer and Chairperson of the Management Board of the Rail Baltica Joint Venture.

Latvian PM sees no chance no significantly raise teacher salaries in 2019

Despite promises to teachers made by the previous government, Latvia is currently unable to significantly raise the wages of teachers, because it would require either increasing the budget deficit or higher taxes, Latvian Prime Minister Krišjānis Kariņš has told on Wednesday, in an interview with LNT's programme 900 sekundes.

Estonian startups attract EUR 328 million in 2018

The Estonian startup sector has in 2018 attracted combined investments of 328 million euros with Taxify, Pipedirve and Monese being the top performers, according to calculations by Startup Estonia.

U.S. sees power vacuum in Eastern Europe as exploited by Russia, China

U.S Secretary of State Mike Pompeo evaluated that in Eastern Europe, China and Russia endanger the democratic and free-market gains made since the fall of the Berlin Wall in 1989 by the means of predatory investment and political meddling.

Ukraine peace agreement not fulfilled, UN finds

The Minsk peace accord of 2015 stands unimplemented in eastern Ukraine as over 3,300 people have been killed and 1.5 million people displaced in the five-year conflict, U.N. officials stated.

Latvian conductor Nelsons wins Grammies in U.S.

Latvian conductor Andris Nelsons has added two Grammy music awards to his list of honours for the work with the Boston Symphony Orchestra. At the Grammy music awards ceremony in the U.S. on Sunday, February 10, the Latvian won the prize for the best orchestral performance with the Boston Symphony Orchestra in the record Shostakovich: Symphonies Nos. 4&11.

Riga Mayor survives another no-confidence vote

The embattled Mayor Riga Nils Ušakovs has survived a vote of no-confidence as the opposition parties criticised him over corruption scandals involving the Riga City Council.

Justice Minister: Justice does exist in Latvia, but it's selective

«I'm in politics precisely, because as a citizen and a lawyer, I wasn't satisfied with the influence on the court and political system from people, operating outside these spheres. To my mind, this influence is the reason of long trials in Latvia. Another problem is the lack of specialists, who could solve economic crimes – if politicians would be very interested in this, many cases would have been solved over the past ten years. There are two options: there have either been unprofessional politicians, or they have been interested in having the situation remain the way it was,» said Latvian Justice Minister Jānis Bordāns in an interview with the BNN.

Spain starts historic trial against Catalan independence figures

Spain is beginning court proceedings against 12 leaders of the region of Catalonia for their role in the region's independence referendum and the subsequent declaration of separation from Spain.

Estonia convicts ex-army officer, his father for treason

A court in Tallinn has convicted ex-officer of the Estonian Defence Forces, Deniss Metsavas, his father for state treason, finding them guilty of selling state secrets to Russian intelligence.

Troubles continue in Latvian anti-establishment party KPV LV

In the Latvian anti-establishment party KPV LV, Saeima member Linda Liepiņa has decided to leave the post of the party's Co-chairperson and member of the board.

Thaw and warm temperatures expected in Latvia this week

The weather in Latvia, in the first part of the week will be mostly warm for winter-time and precipitation in the form of rain and wet snow can be expected, according to a weekly forecast from the Latvian Environment, Geology and Meteorology Centre.

Defence Minister: Deployment of allied missiles in Latvia is «dreaming»

The issue of the deployment of the missiles of allied forces in Latvia is far from being relevant, «it's dreaming», commented Latvian Defence Minister on Monday, February 11, in an interview with LTV's news programme Rīta panorāma

Hungary' s mothers of four to be exempt from paying income tax

In Hungary, the government is boosting financial support to families with several children, according to measures presented by Prime Minister Viktor Orbán. On Sunday, February 10, the significant measures announced by Viktor Orbán during an annual address, encouraging women to have more children.

UK government pushes for more time for Brexit negotiations

A month and two weeks before the United Kingdom is due to leave the European Union, the government of Theresa May seeks to buy more time in the British parliament for her talks with Brussels to reach concessions that would allow the adoption of the Brexit deal.