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Tuesday, 25.10.2016, 20:15
inance Minister Dana Reizniece-Ozola (Greens/Farmers) today handed Saeima speaker Inara Murniece (National Alliance) a suitcase with the blueprint of Latvia's 2017 budget inside.
Keyword tags: Budget, Financial Services, GDP, Latvia, Legislation
Next year, Latvia's budget revenues are projected at EUR 8.066 bln, while expenditures are expected to reach EUR 8.367 bln, the Finance Ministry informed LETA.
Lithuania's budget for 2017 is being planned with a small deficit that the European Commission is expected to approve if the country's new Labor Code and other social protection system changes are recognized as structural reforms, Finance Minister Rasa Budbergyte said.
According to adjusted data, the current account of Estonia's balance of payments had a surplus of 447 mln euros in 2015, the largest since independence was regained, the Bank of Estonia said on Friday.
Lithuania recorded a current account deficit of 417.3 mln euros for the first half of this year, which accounted for 2.3 % of GDP for the period, the central bank said.
The macroeconomic indicators available at this time unfortunately confirm our previously expressed concern: the Latvian economy is cooling down. The year 2016, in all likelihood, will be the year with the lowest growth since the crisis, reports in Forecasts of Latvijas Banka.
According to the second estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased 0.8% in the 2nd quarter of 2016 compared to the 2nd quarter of the previous year.