LATVIAN PARLIAMENT RAISES PLANNED BUDGET DEFICIT
Published:
28 June 2001 y., Thursday
In an emergency meeting on 26 June, the parliament passed a number of laws primarily dealing with financial matters. By increasing expenditures over revenues by 10.6 million lats ($16.5 million) the planned budget deficit was increased to 89.8 million lats, or 1.82 percent of GDP. The parliament also supported extending state guarantees for 23.2 million lats to the Latvian Mortgage and Land Bank for its planned lending program for housing development and for small- and medium-sized businesses.
It approved a state guarantee for 4.3 million lats to the Jaunpagasts Plus company for constructing a bioethanol plant. Amendments were adopted to the Commercial Law, which delay its implementation until 1 January 2002. The People's Party, which objects to the law, had earlier succeeded in postponing the introduction of the law from the originally approved 1 January 2001 to 1 April and then to 1 July.
Šaltinis:
rferl.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
On 27 August at the meeting of foreign ministers of Lithuania, Latvia, Estonia, Sweden, Finland, Denmark, Norway and Iceland (NB8) in Riga, head of Lithuania’s diplomacy called on the Nordic and Baltic States for greater integration.
more »
President Dalia Grybauskaitė offered her congratulations to Mihai Ghimpu, Speaker of the Moldovan Parliament and Acting President of Moldova, on Independence Day.
more »
Minister of Foreign Affairs A. Ažubalis encouraged the ambassadors to take the initiative in searching for potential investors from the countries of their representation, and in inviting Lithuanian businesses to look for export opportunities and partners.
more »
At the annual convention of Lithuanian ambassadors, President Dalia Grybauskaitė gave an overview of this year's main foreign policy issues, discussed top priorities and defined foreign policy guidelines for the next year.
more »
On 24 August at Lithuania’s Ministry of Foreign Affairs, Lithuania’s and Germany’s Governments will conclude an agreement on mutual representation by diplomatic and consular missions in visa application procedures.
more »
President Dalia Grybauskaitė met with Polish President Bronisław Komorowski who is currently on vacation in Lithuania.
more »
Lithuania delegates Deputy Director of Lithuania’s National Police School professor Alvydas Šakočius to the Police Advisory Group of the Organisation for Security and Cooperation in Europe (OSCE) to Kyrgyzstan.
more »
President Dalia Grybauskaitė expressed, on behalf of the people of Lithuania and herself, condolences to President Giorgio Napolitano of the Italian Republic on the death of President Francesco Cossiga.
more »
President Dalia Grybauskaitė received letters of credence from Ambassador Igor Klipii of the Republic of Moldova.
more »
President Dalia Grybauskaitė extended condolences to President Hu Jintao over the tragic disaster in China's Gansu province - claiming more than one thousand innocent lives.
more »