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
President of the Republic of Lithuania Dalia Grybauskaitė goes for a working visit to Brussels to attend an informal meeting of the European Council.
more »
President Dalia Grybauskaitė extended congratulations to President Valdis Zatlers and the people of Latvia on their national holiday - Independence Day.
more »
On 16 November in Brussels, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas took part in the joint meeting of European Union’s foreign and defence ministers with NATO Secretary General Anders Fogh Rasmussen.
more »
Wednesday, November 11, President of the Republic of Lithuania Dalia Grybauskaitė met with President of the Republic of Poland Lech Kaczyński.
more »
On November 5-6 meeting of the Baltic Chiefs of Defence Staffs of the Baltic States will be held in Nemenčinė, Gen. Ramanauskas Warfare Training Centre (Vilnius Region).
more »
The interview of Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas to the daily Die Presse about his country’s sensitive relations with Russia, about perspectives for Kiev and bad American PR in the antiballistic missile defence debate.
more »
Professor Vytautas Landsbergis, outstanding Lithuanian politician and cultural figure, is invited as a keynote speaker and will deliver a report on the Lithuanian contribution to European freedom and unification in 1988-1989.
more »
President of the Republic of Lithuania participating in her first session of the European Council strongly defends interests of the Baltic countries and other new Member States of the EU at the commencing discussion among the European leaders concerning the common position to be upheld in the upcoming world-wide meeting in Copenhagen on the issue of mitigation of consequences of climate change.
more »
Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas offers his most sincere condolences to the families of those who have lost their loved ones during the terrorist act in Kabul, the capital of Afghanistan, on 28 October.
more »
President Dalia Grybauskaitė extended congratulations to President Abdullah Gül on the 86th anniversary of the founding of the Republic of Turkey.
more »