Fiscal discipline council in its webpage launches a new page dedicated to research in the fiscal policy field 23 December 2014
In November 2014 Fiscal risks working group in collaboration with external consultants performed a research to assess fiscal risks associated with possible state social insurance special budget expenditure for state pension and social benefit costs exceeding annual budget appropriations. Basing on research results (research performed by SIA RVJ, Elīna Veide), Fiscal discipline council evaluated the necessary Fiscal safety reserve for 2017 in the amount of 0,115% of GDP or 32.8 million euros.
Research "Policy changes impact assessment on social benefit special budget", incl. Annex 1 "Deviations among planned budget and executed budget of pensions and social benefits in 2003-2013" and Annex 2 "Summary on the observed policy changes with impact on execution of social insurance special budget", available in Latvian here.
Annex 3 "Report on legal acts amendments", available in Latvian here.
Summary presentation available here.