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Saturday, 28.05.2016, 01:03
The Latvian ministries demand additional allocations of at least EUR 400 million in the 2017 year’s budget but it is obvious that all requests for extra financing could not be satisfied, Finance Minister Dana Reziniece-Ozola (Greens/Farmers) told LETA.
Keyword tags: Budget, Financial Services, Latvia, Legislation
Latvian Fiscal Discipline Council criticizes plan about putting off creation of fiscal security reserve26.05.2016
The suggestions to wait with creation of the fiscal security reserve will bring Latvia closer to a new crisis, the Fiscal Discipline Council warned, cites LETA.
In the first four months of the year 2016, 2.82 billion euros of revenue or 191.4 million euros more than the year before was paid into Estonia's state budget, while expenditures made during the same period totaled 2.87 billion euros, growing by 185 million euros and 6.9% in annual comparison, figures provided by the Finance Ministry show, cites LETA/BNS.
Lithuania's Finance Minister Rimantas Sadzius says he sees a possibility of raising the defense budget by another 150 million euros to 725 million euros in 2017, reports LETA/BNS.
The Estonian Tax and Customs Board in April 2016 collected 495.9 million euros in taxes, 2.6% more than in April 2015, the Ministry of Finance said LETA/BNS.
In April 2016, 189.8 million euros of revenue was paid into the treasury of the City of Tallinn, which makes up 33.8% of the full-year target without financing activities, informs LETA/BNS.
The Latvian State Revenue Service has met the tax revenue target by 100.6% in the first four months of this year with actual revenue EUR 14.376 million above the planned amount, reports LETA, according to the information from the tax authority.