VAT reduction new factor in budget adjustments

  • 2012-06-13
  • From wire reports
RIGA - The Finance Ministry is still getting acquainted with ministries’ demands for this year’s budget amendments; however, the amendments will not be considerable, since Latvia’s budget deficit must not exceed 2.1 percent of GDP this year, Finance Ministry Communication Department head Aleksis Jarockis has said, reports Jarockis pointed out that the Finance Ministry’s conclusions will be submitted to the government, which will then decide on the amendments.He explained that specific figures and amendments will be discussed after reviewing the budge...
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