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Finance minister submits 2018 budget bill to Saeima
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    Finance minister submits 2018 budget bill to Saeima

    RIGA, Oct 11 (LETA) - 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.

    The minister said that taking the briefcase with the budget blueprint to Saeima was a tradition that had to be cultivated because the only year that the tradition was broken Latvia was hit with crisis. “There will be no crisis. There will be development,” Reizniece-Ozola said.

    The budget briefcase that was brought to Saeima today contained a flash memory stick with all the documents. The memory stick was presented in a box decorated with an image of apple. The finance minister explained that the design was chosen because the budget was intended to make “us stronger and healthier”, because additional budget allocations have been earmarked for health care and demography.

    Saeima Speaker Inara Murniece (National Alliance) also emphasized the importance of avoiding crises and shocks. She said she found the draft budget good enough.

    The tradition to bring the draft budget in a briefcase to Saeima was started by former finance minister Roberts Zile (For Fatherland and Freedon/LNNK) in 1997. Zile took the draft 1998 budget to the parliament in his personal briefcase. A metallic plaque with the minister’s name and the budget year engraved on it was attached to the briefcase.

    This is the 20th year that the briefcase has been used for this symbolic purpose.

    As reported, the Cabinet of Ministers on Tuesday approved Latvia’s 2018 budget bill, under which revenues are expected to grow by EUR 725.11 million from this year to EUR 8.75 billion, and expenditures are projected to increase by EUR 624.82 million to EUR 8.95 billion.

    In 2017, Latvia’s budget revenues are planned at EUR 8.03 billion and expenditures at EUR 8.33 billion.

    • Published: 11.10.2017 11:14
    • LETA
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