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Government should start considering non-deficit budget - Vejonis
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    Government should start considering non-deficit budget - Vejonis

    RIGA, Oct 11 (LETA) - The government should start considering a non-deficit budget, and that is the net task for the government - to inform the public when Latvia could have a non-deficit budget, President Raimonds Vejonis said after a meeting with Prime Minister Maris Kucinskis (Greens/Farmers) today.

    The matter was discussed at the two officials' meeting today, Vejonis said, adding that Latvia should begin putting some money aside and consider investing in development.

    Vejonis is pleased that the 2018 budget bill meets all the government's commitments: 2 percent of gross domestic budget will go to defense, and there will be extra funds for healthcare system, demographic measures, education, and roads.

    The government has done quite a lot to ensure financing for these priorities, even with the tax reform that starts next year. "If we are thrifty enough, it will be possible to find money for the government's priorities," added Vejonis.

    Commenting on social partners' recent criticisms that the 2018 budget bill does not state exactly how much healthcare and science budgets will increase next year, Vejonis said that 2018 would be the first year when healthcare budget would exceed EUR 1 billion. "It is far more important to talk about how these additional funds will be put to use, and wages is not the only problem," stressed Vejonis.

    As reported, Finance Minister Dana Reizniece-Ozola (Greens/Farmers) submitted Latvia’s draft 2018 budget to Saeima this morning, stressing that it will make Latvia stronger and healthier next year.

    • Published: 11.10.2017 13:31
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