Cabinet reaches budget compromise

  • 2003-08-28
  • Aaron Eglitis
RIGA - The budget quagmire finally ended on Aug. 26 when the Cabinet of Ministersemerged from behind closed doors to announce an increase in budget revenuesby 25 million lats (41.6 million euros), giving ministers much-neededbreathing space for redrafting next year's expense reports.The additional revenues represent a compromise between the Cabinet and PrimeMinister Einars Repse, who had originally wanted ministers to slashexpenditures by 50.8 million lats.Finance Minister Valdis Dombrovkis, who made his new forecast on Aug. 21,explained that the new revenues would come from a variety of so...
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