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Wednesday 29.01.2020 | Name days: Valērijs, Aivars
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PM Kariņš wants vision of new Latvian tax reform by Easter

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Latvian Prime Minister Krišjānis Kariņš

Latvian prime minister Krišjānis Kariņš (New Unity) has told legislators that for the planned tax reform, officials should find the least painful way to the population to arrive at a vision of a tax system that would increase state budget income.

On Tuesday, October 22, Kariņš said addressing the Saeima Budget and Finance (Taxation) Committee that the goal of the government is to prepare until Easter in 2020 a clear vision of the reform.

Following the work of the government, the improvement plan of the tax system would be submitted to the parliament, which should adopt it by the end of the spring parliamentary session.

Read also: Expert: tax reform has caused a loss of approximately 1% of GDP in revenue

The previous tax reform drafted by the previous Latvian government has reduced the income to the state budget by one percent of the gross domestic product.

«Therefore it is a challenge to find funds,» explained the Latvian prime minister.


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  1. Eric Vardac says:

    Forcing a developing state such as Latvia to pursue a balanced budget is absolutely counter-productive, to say the least. Running a deficit at this critical juncture in economy is imperative. Hell, even the United States runs a deficit every year – to it’s credit. Economics 101 tells us that by expanding the economy will yield ever greater tax revenues even if rates remain the same.
    What’s going on now is simply strangulation of Latvia’s economy.
    My condolences from Washington DC.

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