International lenders say that Latvia is in need of further budget consolidation of around LVL 50 million. The ruling coalition agreed last week on further budget cuts of LVL 27 million.
News agency LETA writes that the government, consisting of Unity and the Union of Greens and Farmers, now has agreed on budget consolidations for 2011 of around LVL 39 million. The government is also prepared to continue discussions with the international lenders when it comes to the remaining consolidation.
Prime Minister Valdis Dombrovskis (Unity) said at a press briefing that budget revenue will be increased among other thing through efficient measures against the shadow economy, an increased gambling tax and by cutting state administration expenses.
At the same time Union of Greens and Farmers’ (ZZS) group leader Augusts Brigmanis expressed satisfaction over the increased consolidation and underlined that the ZZS had contributed to several of them.
News agency LETA writes that the government, consisting of Unity and the Union of Greens and Farmers, now has agreed on budget consolidations for 2011 of around LVL 39 million. The government is also prepared to continue discussions with the international lenders when it comes to the remaining consolidation.
Prime Minister Valdis Dombrovskis (Unity) said at a press briefing that budget revenue will be increased among other thing through efficient measures against the shadow economy, an increased gambling tax and by cutting state administration expenses.
At the same time Union of Greens and Farmers’ (ZZS) group leader Augusts Brigmanis expressed satisfaction over the increased consolidation and underlined that the ZZS had contributed to several of them.
