Latvian Prime Minister Andris Bērziņš met with International Monetary Fund (IMF) officials
Published:
7 September 2000 y., Thursday
Latvian Prime Minister Andris Bērziņš met with International Monetary Fund (IMF) officials to discuss the possibility of the government not meeting its 2000 fiscal deficit target.
Under an earlier agreement with the IMF, the government had committed itself to keeping the deficit within two percent of GDP. However, the latest press reports claim the budget deficit could come close to three percent of GDP, as revenue collection fell short and additional spending has been approved by the government.
Earlier this month, Finance Minister Gundars Bērziņš admitted that expenditures were pressuring finances, as a result of which the budget gap target might not be met. The IMF mission stressed the need to balance Latvia's social budget to a level that would reduce its impact on the fiscal deficit, the cabinet press office said in a statement.
Šaltinis:
ce-review.org
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level.
more »
Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15.
more »
World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat.
more »
These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB).
more »
The European Investment Bank (EIB) today signed its first loan agreement with Armenia.
more »
Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area.
more »
The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS).
more »
The European Commission today approved a new financial support package of €135 million for Morocco.
more »
The European Commission is allocating an extra €10 million in humanitarian aid for Liberia.
more »