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
A round table on Kazakhstan was held in London in the prestigious political center of the Institute of Economic Relations with participation of Kazakhstani President’s Advisor Yermukhamet Yertysbayev
more »
Moldova's pro-Western Communist Party has won a majority in Sunday's parliamentary election, but fell short of winning enough seats to re-elect President Vladimir Voronin
more »
Macedonian Foreign Minister Ilinka Mitreva met Tuesday with Holy See Secretary of State, Cardinal Angelo Sodano and Secretary for Relations with States, Monsignor Giovanni Lajolo
more »
PRESIDENTS OF LITHUANIA AND ESTONIA NOT TO ATTEND V-DAY CELEBRATION IN MOSCOW
more »
The Moldovan authorities have deported 46 Belarussian observers and intend to extradite another 100 Russians
more »
Moldova votes for a new parliament Sunday with the election likely to place the impoverished nation firmly on a pro-European path
more »
Ukrainian Interior Minister Yuri Lutsenko refused to come to Belarus for celebrations on the occasion of the Militia Day
more »
Kazakh President Nursultan Nazarbaev and Uzbek President Islam Karimov agreed in a telephone conversation on 3 March to establish a working group to lay the groundwork for a free-trade zone
more »
Foreign Minister Lang favours taking part in Moscow celebrations in May
more »
PRESIDENT CHIRAC set out yesterday to persuade disgruntled French citizens to put aside their distaste for Europe and his own Government and vote oui to the EU constitution in a referendum
more »