Fiscal council announced research procurement 9 August 2017
Fiscal discipline council announced research procurement. Procurement application's deadline is 4 September 2017 10:00 o'clock. More information available in Latvian here.
The report on the 2017 survey has been published 2 August 2017
The annual opinion survey on budget discipline was carried out in April 2017, in cooperation with the social research centre SKDS. The report presents the results of the survey, which (i) provide insight into public opinion on issues related to fiscal policy and sustainability, and (ii) raise questions that have to be addressed in the fiscal sustainability report currently being prepared by the Council.
The Fiscal Discipline Council has identified a possible non-conformity with Section 9 of the Fiscal discipline law that could be rectified upon passing a new medium-term budget framework.
On 16 June 2017 in Tallinn, at National Central Bank of Estonia, for the third time there have met Baltic-Finnish Independent Fiscal discipline institutions. At the annual meeting there have been discussed topical issues of the budget and fiscal policy analysis process of our neighbouring countries.
On 6 June the Fiscal discipline council (hereafter – Council), in cooperation with the European Commission Representation in Latvia, organised a discussion on fiscal sustainability and the role of the public sector in stimulating economic growth and social welfare. As a result of the discussion, it was concluded that the current level of tax revenues is insufficient to meet the needs of the country and there is a risk that the level of public debt will increase.