In accordance with the Law on the state budget 2019, as well as the scope of indicators stated in the Fiscal discipline law, Fiscal discipline council endorses macroeconomic indicators forecasts developed by the Ministry of Finance. Once in a quarter the Council prepares a report on the comparison of actual outcomes with the forecasts. Quarter IV of 2018, including MS Excel tables.

For better understanding of the cyclical changes in the economy, the Fiscal discipline council, like other European independent fiscal authorities, uses a visual to characterise the economic cycle - the so-called heatmap. This tool confirms that economic growth in Latvia is fast and exceeds its potential, therefore, the state budget fiscal balance has to be planed with a surplus.

Evaluating the Latvia's Stability Programme 2019-2022 Fiscal discipline council concluded that the government did not envisage a sufficiently rigorous fiscal policy stance.

Instead of reducing budget expenditures due to reduced revenue because of the tax reform, the Stability Programme expects expenditure to increase. It creates a dangerous precedent that a similar one-off effect can be attributed to additional spending on education, research and infrastructure. The Council therefore calls on the government to correct this approach.