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
Kazakh Prosecutor-General Rashid Tusupbekov has asked his Russian counterpart Vladimir Ustinov to consider charges against Russian State Duma Deputy Vladimir Zhirinovskii for disparaging comments
more »
US Secretary of State Condoleezza Rice has again expressed concern about Russia's slow pace of democratic reform, and promised that Washington would help key ally Poland modernise its army
more »
Ukraine's democratic Orange Revolution won't be repeated in Kazakhstan, a leading expert said Friday.
more »
Mikheil Saakashvili announced in Tbilisi that he will head the Georgian government temporarily following the sudden death of Prime Minister Zurab Zhvania
more »
Ukraine’s upper chamber of parliament has asked the country’s prosecutor general to launch a criminal case against former President Leonid Kuchma for his involvement in the kidnapping and murder of a journalist
more »
A senior Ukrainian legislator alleges the country sold nuclear-capable cruise missiles to Iran and China in violation of international non-proliferation treaties
more »
Slovenia's parliament has ratified the European Union constitution by an overwhelming majority.
more »
The European Union will reportedly delay accession talks with Croatia, if that nation does not increase cooperation with The Hague's criminal tribunal
more »
Dimitrij Rupel, current President of the Organisation for Security and Cooperation in Europe (OSCE), who arrived in Moscow for a working visit on Monday, is to discuss OSCE reform problems here on Tuesday
more »
Kyrgyzstan’s opposition movement is accusing the authorities of “persecution and provocation” in the run up to the parliamentary elections on February 27
more »