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
Wincor Nixdorf AG closed the first six months of fiscal year 2008/2009 with a 4 percent increase in net sales and a 2 percent increase in operating profit (EBITA).
more »
Raiffeisen Bank Polska SA, a subsidiary of Raiffeisen International, a leading financial corporation in Central and Eastern Europe, has deployed "VIP Mobile," a next-generation mobile banking solution.
more »
Commission calls for help with reforming EU fishing.
more »
IFC, a member of the World Bank Group, and SEB Bank today launched an innovative transaction that will support lending of around €50 million to help small and medium enterprises in Lithuania switch to renewable sources of energy.
more »
Is your money well spent at EU level? Every year, in April, the EP concludes its examination of EU spending for the financial year closed 16 months previously.
more »
The right to compensation for poor service, the right to change gas and electricity suppliers and comparable prices are just three aspects of the proposed “third energy package” being debated today by MEPs.
more »
As access to ATMs became free from April 1, many banks are expected to consider consolidating their teller operations instead of aggressively expanding ATM network.
more »
Crisis or no crisis, secure identity cards will still be needed to cross borders…
more »
A fund-raising initiative has been launched among 170,000 employees in all 22 countries where the Group operates
more »
This year AB Bank SNORAS also joined the promotional event "Praise excellent service!" which is held in March every year.
more »