International Internet Magazine. Baltic States news & analytics
Wednesday, 01.07.2015, 07:48
When commenting on the Greek Government rejecting creditors' compromise proposal, Prime Minister Taavi Rõivas stated that the move was irresponsible towards Greece's partners, and would hit people in Greece most painfully, reports BC the Government Press Office.
Keyword tags: Budget, Estonia, EU – Baltic States, Financial Services, Legislation
The Tallinn City Council approved on June 11th the first, positive supplementary budget of the Estonian capital city in 2015, LETA/Postimees Online reports.
On June 11th 2015, Lithuania's Constitutional Court ruled that legal regulation of allocation of personal income tax (PIT) to municipal budgets contravened the Constitution. Only 40% of PIT used to be transferred to Vilnius City Municipality based on these regulations, informs LETA/ELTA.
A fresh KPMG survey shows that in the previous budget period, European Union (EU) structural funds were used most in Central and Eastern Europe by Estonia, followed by Latvia and Lithuania; this in turn means that the Estonian state budget is more dependent on EU subsidies than the average of European countries, LETA/Public Broadcasting reports.
According to the Estonian Tax and Customs Board, the tax revenue collected by the state budget amounted to 499.4 million euros in May 2015, which is an increase of 10.6% as compared to the same time last year, LETA/Postimees Online reported.
State budget tax revenue in the first five months of the year 2015 in Latvia was 99.9% on target, reports LETA, according to data from the State Revenue Service.
On 2 June in Brussels, at the Assises on Decentralised Cooperation for Development, the Latvian Foreign Ministry’s Parliamentary State Secretary for EU Affairs, Zanda Kalnina-Lukasevica, emphasised the active involvement of Latvia’s local authorities in cooperation projects with Central Asian and Eastern Partnership (EaP) countries, reports BC the Latvian MFA.