Evaluating the proposed Latvia's Stability Program for 2018-2021, Fiscal Council has concluded that the Government continues to implement responsible fiscal policy and in general respects the requirements of fiscal discipline. Meanwhile, the Council highlights a significant expansion of the fiscal policy plans compared to 2015 and 2016, which is not in line with the current favourable economic conditions and facilitates pro-cyclical directions (additionally warming economy and not reducing state debt). This has been recognised by the Fiscal Council in their annual interim report, which was published on Monday and submitted to the Cabinet of Ministers.
Fiscal council 6 April meeting issues 6 April 2018
Council meeting was held on 6 April 2018. At the meeting were discussed fiscal rules calculations, which will be the basis for the Latvia's Stability Programme 2018-2021, as well as adopted the Council interim report (opinion).
Fiscal discipline council as one of its tasks has also stated public education and knowledge-sharing, which is an essential element of good governance. In Latvia it is now already became as a tradition the so-called "Shadows day". It is a good opportunity to address the audience of secondary school pupils, allowing them to take part in the daily work and get to know professionals who work at the Council. This year Council secretariat has also two "shadows" – Dārta Plato and Edvards Kalniņš.