Outgoing Latvian Deputies Boost 2002 Expenditures
Published:
3 November 2002 y., Sunday
In its final session on 31 October, the 1998-2002 parliament passed 40 bills, including amendments to the 2002 budget act. The budget amendments - approved by a vote of 74 to zero, with eight abstentions - provide an additional 19.7 million lats ($32 million) in spending -- including state guarantees to drug makers Olainfarm (6.8 million lats) and Silvanols (350,000 lats), compensation to cattle breeders for drought damage (5.92 million lats), wage hikes in the medical sector (1.7 million lats), and the implementation of a Welfare Ministry-backed law on transition conditions for social assistance (1.3 million lats).
Outgoing Finance Minister Gunars Berzins said that, even with the additional expenditures, the fiscal deficit for 2002 will not exceed 1.8 percent of GDP due to improved tax collection. But Valdis Dombrovskis, the likely nominee for finance minister in the new cabinet, foresees a deficit of 2.87 percent of GDP.
Šaltinis:
LETA
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 participated in the festive events dedicated to Poland's Independence Day in Warsaw, on the invitation of President Bronislaw Komorowski of Poland.
more »
President of the Republic of Lithuania Dalia Grybauskaitė had a working meeting with the Slovak Prime Minister Iveta Radičová.
more »
On Monday, November 8, President Dalia Grybauskaitė, together with other female heads of state and government, will meet in New York to discuss preparations for the high-level meeting of women leaders of the world to be held by the Community of Democracies in Vilnius in the summer of next year.
more »
President of the Republic of Lithuania Dalia Grybauskaitė met with ambassadors of the European Union Member States who reside in Lithuania.
more »
President of the Republic of Lithuania Dalia Grybauskaitė congratulated Mrs. Dilma Rousseff on her victory in the presidential election of the Federative Republic of Brazil.
more »
President of the Republic of Lithuania Dalia Grybauskaitė received German Federal Minister for Foreign Affairs Guido Westerwelle, who is currently visiting Lithuania.
more »
President Dalia Grybauskaitė extended condolences to President Susilo Bambang Yudhoyono on the loss of life and damage caused by the tsunami and volcano eruption in Indonesia.
more »
President of the Republic of Lithuania Dalia Grybauskaitė is attending a two-day meeting of the European Council in Brussels.
more »
Having finished the working visit in China, President of the Republic of Lithuania Dalia Grybauskaitė left for Brussels to attend the European Summit.
more »
President of the Republic of Lithuania Dalia Grybauskaitė met with Vice President Xi Jinping of the People's Republic of China in Beijing.
more »