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Friday, 25.04.2014, 00:18
The Saeima in Latvia passed the Long-term Stabilization Reserve Law in the final reading today, the law stipulates that the country will make savings during "good years" in order to use them in case of economic recession.
Keyword tags: Budget, Financial Services, Latvia, Legislation
The total amount of budget revenue administered by the State Revenue Service in Latvia was at 99.3% of the projected figure in the first quarter of the year 2014, as the Revenue Service's Director General Inara Petersone told a press conference today, informs LETA/Nozare.lv.
The Estonian government approved of a bill at its Thursday session, according to which the state-owned companies and companies in which the state has at least decision-making rights, will have to pay nearly 172 mn euros of dividends to the state budget in 2014, LETA/Äripäev.ee reports.
During Latvian President Andris Berzins' meeting with the mayors of the large cities of Latvia yesterday, agreement was reached on facilitating state support for the cities, LETA was informed by Maija Dulle-Sunina, media relations consultant of the Latvian Association of Large Cities.
General government budget deficit at the end of 2013 comprised EUR 223.8 million or 1.0% of the Gross Domestic Product (GDP), and the general government debt comprised EUR 8873.3 million or 38.1% of the GDP, according to the results of the April 2014 general government budget deficit and debt notification (1) compiled by Central Statistical Bureau (CSB), which has been elaborated in line with the methodology of European System of Accounts (ESA 95).
Deficit in the national budget in 2013 made up 1% of the Gross Domestic Product (GDP), which is the third lowest from all the European Union (EU) countries, latest data provided by Eurostat shows. The lowest budget deficit last year was registered in Estonia, informs LETA.
According to the Ministry of Finance, the Estonian state budget collected revenue of 1.84 billion euros in the first three months of the year 2014, which is 22.9% of the total amount planned in the budget for the year, LETA/Postimees Online reports.