On 1 February 2017 there were announced procurements on the yearly surveys and expert consultation on fiscal forecasts.

More information available in Latvian here. Procurements till 1 March 2017 9:00 o'clock.

On 16 February 2017 the Fiscal Discipline Council endorsed the Ministry of Finance’s macroeconomic projections that will be used as the basis for drafting next year’s budget. An early review and endorsement of the MoF’s macroeconomic projections by the Council has been agreed upon to support the effort of the Government during the preparation of annual documents - the stability programme and the medium-term budget framework.

A Fiscal discipline council meeting took place on 9 February 2017. The meeting was attended by representatives from the Ministry of Finance, who informed Council members about the latest macroeconomic forecasts that will be used when preparing Latvia’s Stability programme 2017-2020Questions relating to public expenditure on health care were also addressed during the meeting. Special attention was paid to the long-term financing needs of the health care sector.

The Council’s opinion on the additional funds granted to the health care sector is available here.

On 30 January 2017 in accordance with Section 26, Part 1 of the Fiscal discipline law, the Council re-elected Jānis Platais to the position of Chairman, and Ingars Eriņš to the position of Vice-Chairman. The law allows for a re-appointment for a period of three years.

As a result of the most recent financial crisis, government debt levels increased dramatically in Latvia and the European Union more generally. The Fiscal Discipline Law stipulates that government debt should not exceed 60% of GDP. This is one of the four fiscal rules that have to be observed when planning and executing the state budget.

In the report (December 2016) on public debt argues that, while the current level of public debt is still below the threshold specified in the Fiscal Discipline Law and the Maastricht Treaty, the persistence of deficit spending and a contracting labour force may create sustainability issues in the long term.

Council Macroeconomics expert's Elīna Veide and Fiscal risks expert's Emīls Ķīlis research paper is available here

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On 16 February 2017 the Fiscal Discipline Council endorsed the Ministry of Finance’s macroeconomic projections that will be used as the basis for drafting next year’s budget. An early review and endorsement of the MoF’s macroeconomic projections by the Council has been agreed upon to support the effort of the Government during the preparation of annual documents - the stability programme and the medium-term budget framework.

Today we have splendid followers that we are expecting in the future for the work in public administration!

A Fiscal discipline council meeting took place on 9 February 2017. The meeting was attended by representatives from the Ministry of Finance, who informed Council members about the latest macroeconomic forecasts that will be used when preparing Latvia’s Stability programme 2017-2020Questions relating to public expenditure on health care were also addressed during the meeting. Special attention was paid to the long-term financing needs of the health care sector.

Announced procurements on the yearly surveys and expert consultation on fiscal forecasts 

A meeting of the Fiscal Risks Working Group of the Fiscal Discipline Council took place on 31 January 2017. The meeting was attended by representatives from the Ministry of Finance. The main items of discussion were the conditions for the reallocation of appropriations, improvements to the monitoring of fiscal risks and budget revenue execution trends.

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