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Sunday, 26.10.2014, 02:34
The Riga City Council will allot additional EUR 10.2 million to Rigas satiksme in order to provide public transport services, the Riga City Council Budget Commission decided yesterday, informs LETA.
Keyword tags: Budget, Financial Services, Latvia, Transport
The Estonian Riigikogu completed on Wednesday the first reading of the 2015 state budget, which has revenues of 8.4 billion and expenditures of 8.5 billion euros planned in it, LETA/Public Broadcasting reports.
Statistics Lithuania has implemented the methodological requirements set in Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union (ESA 2010) and carried out a revision of the time series of general government finance and national accounts aggregates. In 2013, according to the revised data, the general government deficit totalled LTL 3163.3 million (EUR 916.2 million), or 2.6% of GDP. Over the year, the general government deficit decreased by LTL 460.2 million (in 2012, this indicator stood at 3.2% of GDP).
National budget deficit in Latvia in 2013 was at 0.9% of the Gross Domestic Product (GDP), which is the third lowest out of all the European Union (EU) countries, latest data provided by Eurostat shows, cites LETA.
General government budget deficit at the end of 2013 comprised EUR 199.6 million or 0.9 % of the Gross Domestic Product (GDP), and the general government consolidated gross debt comprised EUR 8875.9 million or 38.2 % of the GDP, according to the results of the October 2014 general government budget deficit and debt notification compiled by Central Statistical Bureau (CSB), which has been made in line with the methodology of European System of Accounts (ESA 2010).
Minister of Finance Rimantas Sadzius in Lithuania favourably assesses nine-month tax collection trends and says that the annual state revenue plan will most likely be fulfilled in 2014, informs LETA/ELTA.
The budget priorities for 2015 in Latvia should focus on defense, healthcare, and social inequality, Finance Minister Andris Vilks (Unity) told the press representatives yesterday, writes LETA.