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
Viktor Yushchenko was sworn in as the third president of post-Soviet Ukraine Sunday, capping months of political turmoil that saw the nation turn away from traditional Russian influence toward the West
more »
Belarussian diplomat expelled from Czech Republic
more »
Russian President Vladimir Putin is prepared to renounce a notorious 1939 pact between Nazi Germany and the Soviet Union that divided up much of eastern Europe between the two powers, Estonia's president said Thursday
more »
President Vaira Vīķe-Freiberga has decided to attend a May 9 summit and celebration in Moscow marking the 60th anniversary of the end of World War II
more »
Ukraine's Supreme Court rejected a final appeal by the losing candidate in the country's disputed presidential poll, confirming Viktor Yushchenko as the winner
more »
Georgian President Mikheil Saakashvili dismissed the 12 January Abkhaz presidential ballot as illegal given that many Georgians and other former residents of Abkhazia now living in exile were unable to participate
more »
President Stipe Mesic, who is credited for moving this ex-Yugoslav country closer to the West, overwhelmingly won a second term Sunday
more »
Prime Minister Calin Popescu-Tariceanu on 17 January will go to Budapest on the first official visit abroad undertaken by the Romanian head of government after taking office
more »
Voting in the Iraqi elections on January 30 is taking place not only there, but also in 14 other countries, including the US
more »
Prime Minister Junichiro Koizumi said he and his Polish counterpart, Marek Belka, agreed Friday to continue supporting Iraq's reconstruction and promoting U.N. reform
more »