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Monday, 05.10.2015, 00:16
The 2016 budget project supported by the government today will slow down Latvia's economic growth rate, the board chairman of the Latvian Chamber of Commerce and Industry (LCCI) Janis Endzins emphasized during today's government meeting, reports LETA.
The budget priority in 2017 could be healthcare, Latvian Prime Minister Laimdota Straujuma (Unity) emphasized during today's government meeting, cites LETA.
The government of Latvia today supported the 2016 national budget bill, which projects revenue at EUR 7.37 billion, but expenditures at EUR 7.65 billion, informs LETA.
The amount that Latvia could pay in benefits to refugees has not yet been included in the 2016 budget draft, this according to Interior Minister Rihards Kozlovskis (Unity) in an interview with the LNT show "900 sekundes", cites LETA.
The European Union's (EU) investment and other international financial support will account for a significant part of Lithuania's 2016 budget. The funds will continue to be distributed to all economic areas seeking to retain vibrant economy, promote creation of jobs and increase social inclusion, reports LETA/ELTA.
Estonian Prime Minister Taavi Rõivas confirmed that none of the public services would suffer because of the planned redundancies in the public sector, LETA/Public Broadcasting reports.
Seeking to implement the ruling of the Constitutional Court, the Ministry of Finance of Lithuania is changing the way how budget revenue of municipalities is established. Personal income tax (PIT) share allocated to a municipality will be calculated based on new criteria – the ratio of PIT per capita in a municipality compared to the average PIT per capita in Lithuania within the same period, reports LETA/ELTA.