bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Ceturtdiena 20.02.2020 | Name days: Smuidra, Vitauts, Smuidris
LatviaLatvia

Latvian government to spend 14.5 billion euros on National Development Plan

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

NAP 2027, objectives, funding, Latvia, outlookIn order to meet the goals outlined in Latvia’s National Development Plan 2027 (NAP 2027), the government plans to allocate funding of 14.5 billion euros, as journalists were told by the Cross-Sectoral Coordination Centre’s (PKC) director Pēteris Vilks on Friday, 7 February.

Explaining the importance of NAP 2027, Vilks stressed that this is the main state development plan used in talks with the European Union (EU) about the necessary funding for Latvia from EU funds. This plan is also an important tool for Latvia because it outlines goals the state wants to accomplish in the coming years.

NAP 2027 is composed of four strategic goals – equal opportunities, productivity and income, social trust and regional development. The plan’s motto – change of habits, path to development. ‘It is necessary to change society’s habits in regards to how we treat the environment, education and other people. NAP 2027 includes goals that will help promote these changes,’ said PKC director.

Generally ministries submitted 538 proposals for different initiatives during the plan’s development process. Implementations of these initiatives would cost the budged 40 billion euros in the next seven years. However, PKC has added 330 of the ministries’ submitted proposals to the plan. Funding of 14.5 billion euros will be allocated in the next seven years to finance those initiatives. Proportionally the largest amount – more than three billion euros – is planned for Rail Baltica project.

European funds will be the main source of funding for NAP 2027, according to Vilks. The exact volume of EU funding is unknown because debates on financing from EU funds still continue. Nevertheless, according to the most cautious outlooks, EU funds financing for Latvia’s cohesion policy may reach 5.4 billion euros in the next planning period. The funding amount for agriculture and fisheries may reach 3.7 billion euros, whereas Latvia will have to compete with other countries for funding for Horizon programme and other separate EU fund projects.

Latvia’s state budget may allocate 2.2 billion euros for goals outlined in NAP 2027. According to Vilks, even this is a cautious outlook, because calculation took into account Finance Ministry’s report on state budget’s available fiscal space in the coming years. Additionally, some funding will be sought in municipal budgets.

«EU funds will serve as the most serious source of funding for NAP 2027. This money will have to be invested in areas like climate, digitization, science, innovations, infrastructure and social protection,» as reported by PCK director.

Indicatively the largest volume of funding – 49% of total planned funding for NAP 2027 – is planned to be allocated for the section that outlines quality life environment and territorial development, including Rail Baltica project.

Although the final redaction of NAP 2027 is currently in development, political debates still continue. The final version of the plan may yet change significantly. Vilks mentioned as an example Saeima’s idea for the development of Daugavpils Airport, which may require 30 million euros. Although this initiative is not included in the plan, it is considered an important initiative.

PKC plans to review the final redaction of NAP 2027 during a meeting of the National Development Council on 13 February.

Initially NAP 2027 included three strategic goals – equal opportunities, productivity and income, as well as social trust. However, in November the Saeima decided to add a fourth strategic goal – regional development.

The direction for equal opportunities is defined as the most important social justice element to reduce income inequality. ‘We will secure everyone equal opportunities to receive good education and quality healthcare, have a decent job, growth and live in an environment and be socially protected equally in all of Latvia’s regions. This will help grow productivity, economic stability in the country, social and civil activity, as well as improve the situation for the middle class,’ the plan mentions.

The productivity and income direction forms the foundation for sustainable growth. NAP 2027 mentions that increase of productivity can be accomplished through investment of resources into production of high added value and sales on the global market. By supporting local businessmen, introducing innovations, new technologies, effective work processes and improvement of competences of employed persons it is possible to generate more competitive advantages for Latvia based on knowledge and innovations.

Social trust is the path based on a person’s belief other people can be trusted and depended on to accomplish common goals. «Trusting others is easier if a person is confident in himself and knows his opinion will be heard. However, often it is made more complicated by financial complications and lack of time to spend with family. Trust can be accomplished by promoting social inclusion and balancing the interests of different social groups for common benefit and explain choices and causation that affects long-term growth for the country,» as mentioned in NAP 2027.

Regional development is a path that is mentioned as the foundation for the country’s balanced growth. The plan mentions that potential development of regions and reduction of social economic differences can be accomplished by improving the business environment, using the advantages and resources unique to each region, as well as creating conditions for new jobs and services to make the attractiveness of each region’s territory and ability to participate in state general growth can help secure welfare for residents.


Leave a reply

Kristīnes Misāne’s representatives say her extradition is temporarily halted

The extradition of Latvian citizen Kristīne Misāne, who is accused of kidnapping her own child, to the South African Republic has been temporarily halted, as Delfi TV ar Jānis Domburs was told by the woman’s sister Mārīte Batraka.

Estonian wind farm land sold for EUR 51.4 million

In Estonia, the auction of a 160-hectare plot of land intended for the erection of wind turbines, has been won by Estonian energy giant Eesti Energia, which offered the price of 51.5 million euros, ERR reports.

Citskovskis: around 3 000 people have left state administration in Latvia in three years

Over the course of three years the number of people employed in Latvia’s state administration has reduced by 3 000 people, as reported by State Chancellery director Jānis Citskovskis at a meeting of Saeima’s Public Administration and Local Government Committee on Wednesday, 19 February.

European Central Bank annuls PNB Bank’s license

The European Central Bank has made a decision to liquidate PNB Bank’s license, as confirmed by Latvia’s Finance and Capital Market Commission.

Number of births in Latvia has increased in January since last year

Over the past four years, birth number is declining, however during the year there are months when greater birth number is registered. Provisional data of the Central Statistical Bureau of Latvia show that 1.6 thousand newborns were registered in January 2020, which is 5 % more than in the corresponding month a year ago.

133 jobs in welfare liquidated in Latvia last year

A total of 133 jobs were liquidated in Latvia’s welfare sector last year. This was done to reduce and optimize institutions and administration in this sector, as confirmed by Welfare Minister’s advisor Liesma Kalve.

Latvia needs almost 300 million euros to afford Rail Baltica

The funding Latvia needs to implement Rail Baltica project is EUR 297 620 500. This includes EUR 242 385 425 from the Connecting Europe Facility and EUR 55 235 075 from the state co-financing, as reported by Transport Ministry’s communication office.

Spanish government approves digital tax, but waits for OECD deal

As European Union member states seek to tax the profitable business of tech giants, Spanish government has passed a digital services tax, which could affect such US companies as Facebook and Google, according to The Guardian.

Estonian police finds potentially fatal substances added to illegal drugs

In Estonia, the police have informed the society about finding rat poison and washing powder in illegal drugs, ERR reports.

Kariņš: it is blatant we’ve had to wait for so long for a ruling in Maxima tragedy case

It is blatant that we have had to wait for more than six years between the Maxima tragedy and a ruling in the criminal case, said Latvian Prime Minister Krišjānis Kariņš in an interview to LTV programme Rīta panorama on 19 February.

Latvian government takes over National Opera building

The government has decided to take over the Latvian National Opera and Ballet building and hand it over to Culture Ministry for management, as reported by the ministry’s representative Lita Kokale.

Ukraine warfare escalates; OSCE calls for restraint

In Eastern Ukraine, this week has been marked with a deadly battle between Ukrainian government forces and Kremlin-backed separatists. The Organisation for Security and Cooperation in Europe has called on sides to adhere to agreed ceasefire, US news portal Radio Free Europe reports.

Rīgas satiksme new management’s stance on contract with Rīgas karte remains unclear

Municipal public transport company LLC Rīgas satiksme’s new board offers no clarity in relation to potentially terminating the contract with LLC Rīgas karte, as Saeima’s Public Expenditures and Audit Committee was told by RS board chairperson Džineta Innusa.

UK would not give visas to unskilled EU labour after Brexit

The British government has announced its immigration plan for the period after Brexit. It sets forth not issuing visas to unskilled labour from European countries, the BBC reports.

Attīstībai/Par! and Progressive party to run in Riga elections together

Party union Attīstībai/Par! and the Progressive party have decided to put together a shared list of candidates in the upcoming snap elections in Riga. Mārtiņš Staķis will be their mayoral candidate, as confirmed by Attīstībai/Par! representative Aleksis Zoldners.

Einars Repše becomes Baltic International Bank’s council head’s advisor

Latvia’s ex-prime minister and once the governor of the Bank of Latvia Einars Repše has become the advisor to Baltic International Bank’s council chairman Valērijs Belokoņs, as confirmed by the bank.

Prosecutor General’s Office requests Denmark to extradite Misāne to Latvia

The Office of the Prosecutor General of the Republic of Latvia has sent a request to Danish authorities regarding the extradition of Kristīne Misāne to the country, as confirmed by the office’s press-secretary Laura Majevska.

In pictures: UK hit by heaviest winter floods of past years

The storm Dennis has heavy flooding to the United Kingdom as widespread rainfall came a week after the powerful storm Ciara, according to The Guardian.

FDP: economic growth may be slowed by multiple global and domestic risks

Latvia’s Fiscal Discipline Council agree on Finance Ministry’s analysis, expecting the strong effect from slowed economic growth to remain in 2020, the council says.

Estonia dismisses Beijing’s call to amend intelligence report unfavourable to China

Estonian diplomats have rejected a call by the Chinese Embassy in Tallinn to amend an annual security report by the Estonian Foreign Intelligence Service pointing to growing influence of China in Estonia, ERR reports.

Latvian ex-state secretary has no plans to take disciplinary case to court

Economy Ministry’s state secretary Ēriks Eglītis, who was suspended from his post, has no plans at the moment to take the disciplinary case to court, as the man confirmed in an interview to Latvijas Radio on Tuesday, 18 February.

Multi-billionaire Bezos promises USD 10 billion to help tackle climate change

In the US, the founder of the e-commerce giant Amazon, Jeff Bezos, has pledged to allocate a funding of USD 10 billion for fighting climate change, British public broadcaster BBC reports.

Latvia will continue fighting for fair financing in EU’s next multi-year budget

It is in Latvia’s interests to reach a timely agreement on the next European Union (EU) multi-year budget to help contribute to projects and secure uninterrupted investments in Latvia, as reported by Foreign Affairs Ministry.

Land acquisition for Rail Baltica going slow in Estonia

As Estonia seeks a stretch of land across the country for the construction of the pan-Baltic railway Rail Baltica, only 32 plots of land have been acquired out of some 650 needed, Estonian public broadcaster ERR reports.

Construction engineer Sergets sentenced to six years in prison in Maxima tragedy case

On Tuesday, 18 February, Riga City Pārdaugava Court commenced reading the ruling in the so-called Maxima tragedy criminal case, sentencing construction engineer Ivars Sergets to six years in prison, as well as five year prohibition to work in his profession.


Do NOT follow this link or you will be banned from the site!