Press Release on Surveillance Report 2020 10 October 2019
Fiscal Discipline Board: Government has to consider bigger safety cushion for stability in future.
Council meeting on 26th September 27 September 2019
On September 26, 2019, a meeting of the Fiscal Discipline Council was held to discuss issues of Latvian economy, which will be eleborated in Council's Annual Surveilance Report. It will be launched in the first half of October. Issues relating to the administrative functioning of the Secretariat were also discussed at the meeting.
Press Release on Budget for 2020 Preparation 21 August 2019
The Fiscal Discipline Council (Council) generally commends the work of the Ministry of Finance in preparing the 2020 budget framework, which began in government on Tuesday. However, the impact of the tax reform remains substantial and the compensatory measures are inadequate. Therefore, the Council considers that, in line with the requirements of the Fiscal Discipline Law (FDL), next year's budget expenditure should be reduced by EUR 94 million in comparison to the draft budget presented. This opinion was presented to the Cabinet of Ministers on Tuesday by the Chairman of the Council, Janis Platais.
WG on Fiscal Risks 21 August 2019
FDC: government's decision to establish fiscal security reserve in amount of 0.1% of GDP in 2020 is sufficient.