Breathing room for the budget

Aug 11, 2010
Staff and wire reports

RIGA - Latvia’s economic recovery may mean less austerity in next year’s budget, Prime Minister Valdis Dombrovskis (New Era) said in an interview on Bloomberg Television in Riga on Aug. 3, reports news agency LETA. “We are quite clearly on track as regards the state budget,” Dombrovskis said. “The bulk of the fiscal consolidation is already over.” Latvia’s economy is rebounding from last year’s 18 percent slump, on top of a 5 percent drop in G ...

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