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Ceturtdiena 27.02.2020 | Name days: Līva, Līvija, Andra

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.

Tax burden in Latvia proposed to be increased from 31.4% to 35% of GDP

The tax reform has not resulted in more rapid climb of budget revenue. This is why the Fiscal Discipline Council believes tax revenue increase is one of the most important criteria for the improvement of the tax system, as explained by FDP chairperson Inna Šteinbuka on Monday, 17 February.

Fiscal Discipline Council opposes increase of state budget deficit

Latvia’s Fiscal Discipline Council objects to the proposal to use budget deficit as a funding source to help increase healthcare workers’ wages, as the council reports.

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