NEWS
Latvian government adopts 2009 budget with deficit
RIGA - The Latvian government has adopted a 2009 budget that allows a deficit of 1.85 percent of gross domestic product and incorporates wage freezes and job cuts, despite protests from trade unions and other groups. Revenues to the central government’s consolidated budget are projected at 5.46 billion lats (7.77 billion euros) and expenditures at 5.79 billion lats. The budget was drawn up according to predictions that the Latvian GDP will grow 2 percent, consumer prices will rise 7.6 percent a ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
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