During the Cabinet meeting that took place on 19 September 2017 the Cabinet discussed an agenda items that foresaw the reallocation of  savings. The Council objects to the decision to reallocate savings. This decision reduces maximum permissible government expenditures for 2017 by 4 106 825 euro. The Council contends that the decision to allocate funds by reducing expenditures on payments to the EU budget and state debt management programmes creates a non-conformity with the Fiscal discipline law.

During the Cabinet meeting that took place on 14 September 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 16 400 000 euro. The Council contends that the decision to allocate funds to the Ministry of Health by reducing expenditures on payments to the EU budget creates a non-conformity with the Fiscal discipline law.

During the Cabinet meeting that took place on 5 September 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 19 046 489 euro. The Council contends that the decision to allocate funds to the Ministry of Transport by reducing expenditures on payments to the EU budget creates a non-conformity with the Fiscal discipline law.

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 results show that there is strong public support for countercyclical fiscal policy and a pronounced preference for sound long-term thinking. However, dissatisfaction with the quality of public services and the perceived inadequacy of health care and social protection may be a source of future pressure to increase expenditures. This may entail higher deficits and threaten fiscal sustainability. Council Fiscal risks expert's Emīls Ķīlis research paper is available here

On 24 August 2017 the Fiscal discipline council (Council) informed the media about the endorsement of the Ministry of Finance’s macroeconomic forecasts, and indicated that they are realistic. However, the macroeconomic forecast confirmed the suspicion that the economy is heating up. This requires cautious fiscal policy (the establishment of fiscal reserves and the reduction of public debt), rather than fiscal expansion. The Council notes that the Government consistently uses all the available options to deviate from the budget deficit target stipulated in the Fiscal discipline law – 0.5 of GDP.

Press briefing presentation and video (in Latvian).

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During the Cabinet meeting that took place on 19 September 2017 the Cabinet discussed an agenda item that foresees the reallocation of savings from the budget sub-programmes "Payments to the budget of the European Community" and "State debt management" reducing them for 4 010 609 euro and 96 216 euro accordingly.

During the Cabinet meeting that took place on 14 September 2017 the Cabinet discussed an agenda item that foresees the reallocation of savings from the budget sub-programme “Payments to the budget of the European Community” to the sub-programmes of the Ministry of Health’s budget programme 33.17.00 “Emergency medical aid provision at hospitals”. A total of 16 400 000 euro are reallocated.

Successfully ended procurements for expert consultations. More information available in Latvian here.

During the Cabinet meeting that took place on 5 September 2017 the Cabinet discussed an agenda item that foresees the reallocation of  savings from the budget sub-programme “Payments to the budget of the European Community” to the sub-programmes of the Ministry of Transport’s budget programme “Public transport”. A total of 19 046 489 euro are reallocated.

A Fiscal discipline council meeting took place on 4 September 2017. The main item of discussion was the list of topics that should be covered in detail in the annual Monitoring report. The report will be published in October. Other items of discussion were (i) the research agenda for 2018 and (ii) cooperation with experts who were engaged as part of the procurement procedure.

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