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Saturday 18.01.2020 | Name days: Antis, Antons

Total tax debts in Latvia at December’s beginning – EUR 869.4 million

At the beginning of December, total tax debts in Latvia, including outstanding, halted and extended debts, were equal to EUR 869.367 million, which is 1.9% less than a month prior, according to data from the State Revenue Service.

Riga’s budget expenditure reduction was possible at expense of investments projects

Riga City Council supported amendments to the 2019 budget, securing a reduction of expenditures by EUR 33.34 million at the expense of investment projects. Revenue increase is estimated at EUR 8.62 million for next year.

Harmony would have lost large donations under new regulation this year

Had the new regulation on financing of political parties been adopted in Latvia this year, Harmony would have already exceeded the total permitted ceiling for financing and multiple other parties would have received considerably more donations than it would have been allowed under new rules, according to estimates from LETA.

Prime Minister says problems in Latvia’s healthcare sector accumulated over 20 years

Latvia’s Prime Minister Krišjānis Kariņš and Finance Minister Jānis Reirs do not promise additional funding for healthcare in the country’s budget for 2020.

Unexpectedly, Riga City Council refuses to provide funding to Rīgas satiksme

On Monday, 28 October, Riga City Council’s Finance and Administration Affairs Committee supported amendments to the 2019 budget. At the same time, for the first time in years members of the committee approved no plans for additional funding allocation to public transport company SIA Rīgas satiksme.

Latvian budget to receive 20 million euros ruled to be criminally acquired

The Riga Regional Court has ruled that arrested 29 million euros have been acquired illegally and that they have to be transferred from a bank to the Latvian state budget, announced the Latvian Office of the Prosecutor General.

Experts call Latvia’s 2020 budget growth outlook «optimistic»

The 2.8% economic growth outlook detailed in the 2020 budget plan is very optimistic, said analytics of different banks, commenting on the budget supported by Latvia’s government in Friday, 11 October.

Latvia’s 2020 budget revenue predicted at 9.89 billion, expenditures – at 10 billion

On Friday, 11 October, Latvia’s Cabinet of Ministers supported at an extraordinary meeting the country’s 2020 state budget, the consolidated revenue of which is estimated at EUR 9.89 billion, whereas expenditures – at EUR 10 billion.

Prime Minister: the country has no additional resources for teachers’ wages

At the moment, Latvia’s state budget does not have resources for teachers’ wages, said Prime Minister Krišjānis Kariņš in an interview to Latvijas Radio on Thursday, 10 October.

Latvian parties to divide state funding: Harmony to get the lion's share

Political parties elected to the 13th Saeima will be able to receive funding from the state budget worth EUR 4 119 581 in 2020. The majority of this amount – EUR 800 000 – will be provided to Harmony, whereas the smallest amount will be provided to New Unity, which may receive EUR 416 535, according to Justice Ministry.

Faction quotas – the new deputy quotas? Latvian coalition discusses giving money

The ruling coalition in Latvia has discussed the option to allocate one million euros for so-called faction quotas. However, no agreement has been reached so far, as reported by public broadcaster LTV programme Panorāma.

State Audit on budgets: eleven billion euros remain unaccounted for

After the audit performed by Latvia’s State Audit on state budget fulfilment and municipalities’ finances there is no clarity as to the use or records of EUR 11 billion, as public broadcaster LTV programme Rīta Panorāma was told by SA council member Zita Zariņa.


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