Latvian Prime Minister Andris Bērziņš met with International Monetary Fund (IMF) officials
Published:
7 September 2000 y., Thursday
Latvian Prime Minister Andris Bērziņš met with International Monetary Fund (IMF) officials to discuss the possibility of the government not meeting its 2000 fiscal deficit target.
Under an earlier agreement with the IMF, the government had committed itself to keeping the deficit within two percent of GDP. However, the latest press reports claim the budget deficit could come close to three percent of GDP, as revenue collection fell short and additional spending has been approved by the government.
Earlier this month, Finance Minister Gundars Bērziņš admitted that expenditures were pressuring finances, as a result of which the budget gap target might not be met. The IMF mission stressed the need to balance Latvia's social budget to a level that would reduce its impact on the fiscal deficit, the cabinet press office said in a statement.
Šaltinis:
ce-review.org
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The Gas Coordination Group, chaired by the Commission, met this afternoon to analyze in detail all elements of the preparedness of the EU and the Energy Community for a potential supply disruption in the Winter 2009/2010.
more »
In a meeting of the European Bank Coordination Initiative Group, held in Brussels, the parent banks of the nine largest banks operating in Romania reaffirmed their commitment to maintain their exposure to the country and ensure adequate capital levels over 10 percent for their affiliates.
more »
Airline airBaltic has informed of its plans to resume some flights from Vilnius International Airport before the end of this year.
more »
The European Commission has approved under EC Treaty state aid rules the restructuring plan of Lloyds Banking Group.
more »
"Finance and climate change" was under discussion at a 10 November hearing in parliament's Industry, Research and Energy Committee.
more »
The International Monetary Fund announced today the sale of 2 metric tons of gold to the Bank of Mauritius, the nation’s central bank.
more »
The euro area economy grew by 0.4% in the third quarter. Is the crisis over?
more »
After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established.
more »
From 16 November 2009, AB Bank SNORAS network starts providing new products – one can sign agreements of “Finasta Asset Management” II level pension accumulation funds in all subdivisions of the bank.
more »
The expected turnaround in the Baltic Rim economies is likely to gradually improve the business opportunities for Nordic companies operating in the region.
more »