Fiscal Discipline Council

Fiscal Discipline Council (hereinafter - the Council) is an independent collegial body established to monitor the compliance with the rules of the fiscal discipline.

The Council has the responsibility for the following:

  • monitor the compliance with the Fiscal Discipline Law (hereinafter - FDL) provisions in the budget framework law and the annual state budget law during their preparation, execution, and amendment;
  • verify, if the fiscal balance and the expenditure growth provisions have been properly applied, including an independent assessment of the potential GDP and nominal GDP, and the calculation of the structural balance;
  • monitor the compliance with the FDL conditions with the estimated summary fiscal indicators during the execution of the annual state budget law, the consolidated local government budget, and derived public person budgets;
  • prepare opinion regarding the major departures from the balance condition permitted during a severe economic downturn;
  • prepare an opinion on the fiscal safety reserve to counter the prevailing fiscal risks for the state;
  • prepare a monitoring report for fiscal discipline and, if necessary, an irregularity report;
  • prepare and submit to the Saeima and the Cabinet of Ministers opinions regarding issues of fiscal policy and macro-economic development, as necessary to ensure the compliance with the FDL;
  • prepare the reports stipulated by FDL to assess and analyze the fiscal policy sustainability of the country.


Last modified : 20 November 2014


Today we have talked about the deficit in the seminar for state institutions employees and also in the career day event "Sirup of professions" for Latgales suburb schools at Riga Secondary school 25.

Fiscal discipline council deputy chairman Ingars Erins presents Fiscal surveillance report to the Saeima Budget and finance (taxes) committee.

Announced procurement on the communication services till 4 November 2016.

More information available in Latvian here.

The Latvian Government is broadly compliant with the principles of fiscal discipline, but both 2014 and 2015 saw negative deviations from balance targets set in legislation. This is the conclusion of the Fiscal Discipline Council's annual Surveillance Report, which was published on 6 October.

On 1 June 2016 the Fiscal discipline council, in cooperation with the Representation of the European Commission in Latvia, organised an international conference The Fiscal discipline law: The first three years and future prospects. The purpose of this conference was to improve public understanding of budget discipline by holding a public discussion before the Government commenced work on the 2017 state budget. Below is a video summary of the conference and the main issues discussed at the event.

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