According to Part 7, Section 28 of the Fiscal discipline law, the Fiscal discipline council shall prepare and submit to the Saeima and the Cabinet's attention its opinion on fiscal policy matters if the Council finds them important for compliance with the terms stipulated in the Fiscal discipline law.
The Fiscal Council confirms that, in accordance with Article 11 of the FDL, no adjustment to the structural balance is necessary. The structural balance rule and the expenditure growth rule calculations for 2013-2016 indicate that a positive deviation buffer has been accumulated. However, the considerable impact of the cyclical component on the assessment of the structural balance and the impact of the GDP deflator's estimates on the calculation of the expenditure growth rule suggests the need for conservative fiscal policy.
Talks with pupils about the deficit 29 November 2017
Today we have talked about the deficit in the career day event "Sirup of professions" for Riga's schools at Riga Secondary school 25.
Irregularity report: sixth edition 23 November 2017
During the Cabinet meeting that took place on 21 November 2017 the Cabinet discussed an agenda item that foresees the reallocation of savings. The Council objects to the decision to reallocate savings. This decision reduces maximum permissible government expenditures for 2017 by 886 373 euro. The Council contends that the decision to allocate funds to the Funds for Unforeseen Events by reducing expenditures on State Debt Management programme creates a non-conformity with the Fiscal discipline law.
Fiscal council announced communication services procurement 15 November 2017
Fiscal discipline council announced communication services procurement. Procurement application's deadline is 1 December 2017 10:00 o'clock. More information available in Latvian here.