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
The President of the Republic of Lithuania, Dalia Grybauskaitė, met with the Commander of the US European Command and NATO's Supreme Allied Commander Europe, Admiral James G. Stavridis.
more »
The President of the Republic of Lithuania, Dalia Grybauskaitė, met with the Prime Minister of Estonia, Andrus Ansip, who is on a visit to Lithuania.
more »
July 12 marks one year since President Dalia Grybauskaitė took office. What has changed in Lithuania over that time?
more »
On 8-9 July in Genval, Belgium, Political Director of Lithuania’s Ministry of Foreign Affairs Eitvydas Bajarūnas took part in the consultations of political directors from foreign ministries of 27 European Union member states.
more »
On 9 July, Lithuania’s Minister of Foreign Affairs Audronius Ažubalis received the outgoing Ambassador of Ukraine Ihor Prokopchuk.
more »
On 7 July in Vilnius, Lithuania’s Minister of Foreign Affairs Audronius Ažubalis and Israel’s Foreign Minister Avigdor Liberman discussed bilateral political, economic and cultural cooperation, as well as possibilities to intensify economic, trade and tourist exchanges.
more »
In the statement by U.S. President Barack Obama on the 10th Anniversary of the Community of Democracies that was released on 3 July, the President commended Lithuania for its Presidency of the Community and efforts to focus on the pressing challenges of today.
more »
"You offer us yet another opportunity to put ourselves and our civic mind to the test of time. Your example makes us raise our standards higher and higher," President of the Republic of Lithuania Dalia Grybauskaitė said at the ceremony of presenting state awards.
more »
President Dalia Grybauskaitė offered personal congratulations by phone to President-elect Bronisław Komorowski on his victory in Poland's presidential elections.
more »
Foreign states and international organizations extend condolences to Lithuania on the passing of President Algirdas Mykolas Brazauskas
more »