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
Relations between Moscow and Tbilisi came under strain earlier this week when Georgian President Mikheil Saakashvili threatened to sink any Russian ship that approaches the breakaway region of Abkhazia
more »
EU ready to approve agriculture draft
more »
The Hungarian foreign minister is to be nominated by his government to be the country's next EU commissioner
more »
US Secretary of State Colin Powell is in Budapest to start a week-long visit to Eastern Europe and the Middle East
more »
Belarusian President Lukashenka and Sudanese President Omar Hasan Ahmad al-Bashir signed an agreement on trade, investment, and scientific cooperation in Minsk on 28 July
more »
Large Russian companies that operate in the fuel and energy sector should contribute considerably to raising the volume of Russian-Romanian foreign trade
more »
LITHUANIA BOTHERED WITH RUSSIAN OIL WELL PROXIMITY TO COURLAND SPIT
more »
The United States will continue military cooperation with Uzbekistan directed to strengthening peace and stability in Central Asia region, the Commander of the US Central Command General John Abizaid told journalists in Tashkent
more »
On Friday, the spring session of the NATO Parliamentary Assembly opened in Bratislava, the capital of Slovakia
more »
Authorities in Belarus have shut the office of the Russian state television channel Rossia after accusing it of exaggerating the size of a rally denouncing President Alexander Lukashenko
more »