Fiscal discipline council member Andžs Ūbelis presents Fiscal surveillance report (in Latvian) to the Saeima Budget and finance (taxes) committee.
The Fiscal Council finds the government's effort on the 2019 State budget insufficient to ensure that fiscal indicators are consistent with sustainable development needs and overcome pro-cyclical fiscal stance. The Council recognizes the existing legal framework insufficient to justify the solutions included in the 2019 national budget, and suggests that the government develops and approves an additional regulations for the treatment of compulsory (non-discretionary) expenditure and revenue as well as one-off measures in the calculation of fiscal conditions.
Fiscal council chairman Jānis Platais sharing joined experiences with CPB Netherlands Bureau for
Fiscal discipline council is seeking to recruit fiscal risks expert 23 February 2019
Fiscal discipline council is seeking to recruit fiscal risks expert. More information available here in Latvian.
The Fiscal Discipline Council approved the Ministry of Finance's Latvian macroeconomic forecasts for 2020-2022, which are used as the basis for medium-term budget framework. Overall, the projections are realistic, but there are concerns about risks in the area of international trade and the reputation of the banking sector.