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Sep 30, 1999

KEEPING DEFICIT DOWN: Latvia will be considered one of the world's "doubtful countries" by the World Bank, the International Monetary Fund and foreign investors if it does not keep its fiscal deficit below 2 percent of GDP, Prime Minister Andris Skele said last week. A draft budget for 2000 envisions a 2 percent deficit, down from the 3.5 percent deficit sustained in 1999. Finance Minister Edmunds Krastins said the draft budget will be forwarded to Parliament Oct. 1.BAD LOANS: The share of loans ...

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