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 top Russian official said on Thursday it was prepared to participate in a project to build a new bridge across the Narva River on the border with Estonia
more »
Czech and British troops ended a two-week military exercise on Friday, in which nearly 300 flights took place
more »
The European Commission and the U.N. Development Program have created an electronic network to help the Albanian government collect data and share information
more »
South African Deputy President Jacob Zuma is to pay an official visit - expected to be a bilateral trade boosting exercise - to Poland and Romania
more »
Four EU member states suggest refugee camp in Ukraine
more »
On Tuesday in Kazakhstan’s capital of Astana, the head of state Nursultan Nazarbayev met with a high level group concerning the creation of a common economic space
more »
Senior Iraqi officials have made repeated pleas to the Czech Republic to supply Iraqi soldiers with arms
more »
Vladimir Putin argued it was necessary to concentrate even more power in his hands to ensure that there is never a repeat of the Beslan school massacre
more »
The Open Spirit 2004 naval maneuvers will be held in Lithuania from September 3 to 14
more »
Russia has reportedly refused to be a third party in a $100 million contract between an Israeli defence firm and Indian Navy
more »