RIGA- During the Oct.3 emergency government meeting, several agreements were
made between coalitions parties, which means that technical work on the
preparation of next year's budget project will begin, Prime Minister
Valdis Dombrovskis (New Era Party) told the press.
According
to Dombrovkis, next year's budget expenditure will be reduced
by LVL 225 million, while another LVL 100 million will be gained in
revenue by tax policy changes.
The Finance Ministry will now begin technical work on next year's budget.
Dombrovskis
also added that international lenders are understanding of the
situation in Latvia, however, the most important discussions with them
are still ahead, as another mission will arrive in Latvia in the first
part of November.
Next year's budget will be submitted to Saeima on October 23.
