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
Twenty five years after the Chernobyl explosion, radiation contamination continues to haunt the survivors as it spreads to the next generation.
more »
A British man builds a model of the retired U.S. aircraft carrier the USS Intrepid in New York, made entirely out of Lego pieces.
more »
A researcher at MIT has used his technical skills to give chocolate bunnies and eggs a run for their money. David Carr built a new type of 3D printer that uses chocolate to give a new face to Easter treats.
more »
Storm chasers captured two tornadoes on tape as they touched down in the midwestern United States- continuing a recent onslaught of twisters that have killed dozens and destroyed swathes of land and property.
more »
A small factory in Brazil's northeast is bringing smiles to the faces of environmentalists by turning used toothpaste tubes into furniture and roof tiles.
more »
The Lindel family are attempting to live a low carbon life as part of an experiment to cut their carbon emissions from the annual average of seven tonnes per person to only one tonne.
more »
Three days of severe storms and tornadoes in the southern United States have killed at least 39 people.
more »
Disagreements over the stalemated NATO military mission in Libya persist on the first day of the NATO foreign ministers' meeting in Berlin.
more »
Tourists go head-to-head with locals in water fights as celebrates its New Year.
more »
Six thousand Lego lovers and a crane create the world's largest Lego tower in Sao Paulo.
more »