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
New rules for the EU's single market will make it easier to live and do business anywhere in Europe.
more »
MEPs were disappointed that the Commission's EU budget review document had not sought the radical revision that the EU needs, they told Budgets Commissioner Janusz Lewandowski in a Policy Challenges Committee debate on Thursday.
more »
On 25 October, the Commission adopted the decision to financially support the 2011 electoral process in the Central African Republic.
more »
New EU framework for crisis management in the financial sector for managing problems before they spiral out of control.
more »
The financial crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, say two non-legislative resolutions voted by Parliament on Wednesday.
more »
The European Commission has approved an application from Germany for assistance from the European Globalisation adjustment Fund (EGF).
more »
Global and EU- level taxes on financial sector would help to fund international challenges such as development or climate change and fix the fallout from the global economic crisis.
more »
The European Investment Bank and African Development Bank today agreed to provide EUR 45m to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago.
more »
MEPs want future EU budgets to accommodate new policy priorities as well as negotiations on new sources of financing.
more »
The European Parliament's Budgets Committee on Monday backed EU funding for 3,731 workers in Portugal, the Netherlands, Spain and Denmark who were made redundant due to the closure of their companies.
more »