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Latvian minister to amend budget

Jun 18, 2008
Staff and wire reports

RIGA - With revenues falling short of target, government ministers have agreed in principle to amend the budget and retain a 0.5 percent budget surplus. Prime Minister Ivars Godmanis told journalists on June 12 that ministries have been asked to assess their budgets and find possibilities to economize. In addition, all state institutions will be ordered to reduce expenditures proportionally. “The goal is to end the year with a positive balance,” said Godmanis, adding that the government doe ...


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 MORE NEWS

Latvian government adopts 2009 budget with deficit
Fitch Ratings devalue Baltic economies
Bottom falls out of Latvian sales
Latvia faces wage inflation
Public to shoulder the burden of ‘balanced’ budget
Economists predict more hard times
Estonian budget finally decided
Moody’s rating for Estonia unchanged
Latvian central bank calls for balanced budget
Latvia to have budget deficit in 2009


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