Agreement near on Latvia’s 2010 budget

Nov 11, 2009
Staff and wire reports

RIGA - Next year’s budget remains a work in process as government leaders and international lenders this week worked to fine tune the document to satisfy commitments to get lower budget deficit by 500 million lats (714 million euros). As most consider that the spending side of the budget has been cut to the bone, the focus has turned to where to close the gap from the revenue side. The draft budget, which Saeima passed in its first reading on Nov. 5, forecasts a 560 million lats excess of sp ...

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