Economics Ministry saves EUR 4.41 million during Covid-19 pandemic

  • 2020-11-01
  • LETA/TBT Staff

RIGA - The Economics Ministry has saved EUR 4.41 million during the Covid-19 pandemic, according to the information by the Finance Ministry.

The government on Tuesday heard the Finance Ministry's report on economized expenses in 2020/

According to the Finance Ministry's report, ministries in 2020 have economized EUR 46 million, of which EUR 19,683,356 will be transferred to the contingency funds, while EUR 26,262,884 will remain in disposal of ministries and will be used to reduce the impact of the Covid-19 crisis.

The ministry said that funds have been economized mostly in relation to cancelled trips and on-site events, transport expenses and fuel expenses, as well as cancelled public events, reduction of utilities costs and lower fuel prices.