International Internet Magazine. Baltic States news & analytics
Friday, 22.05.2015, 23:39
The government of Latvia on May 19th decided that the Welfare Ministry's amendments to the Law on State Pensions would be reviewed once work on the 2016 state budget commences, reports LETA.
Keyword tags: Budget, Financial Services, Latvia, Legislation, Pensioners
Taking into consideration the European Commission's forecast that Latvia will have consolidate the 2016 state budget by 0.3% of gross domestic product, the Finance Ministry is urging the government to act responsibly when reviewing the Welfare Ministry's amendments to the Law on Pensions, as the proposed amendments will have a significant fiscal impact on the budget, writes LETA.
Surplus of EUR 700 million could be accumulated in the social budget by 2018 in Latvia, Welfare Minister Uldis Augulis (Greens/Farmers) said at the Latvian Pensioners' Federation's 10th congress yesterday, cites LETA.
Latvian Cabinet to consider supporting some changes in Law on Pensions – at expense of all ministry budgets19.05.2015
The Cabinet of Ministers in Latvia will finally get around to reviewing the Welfare Ministry's amendments package to the Law on Pensions. One option in funding the changes would mean slashing budgets for all ministries – to push through even a part of the package, informs LETA.
The state has enough mechanisms to implement higher indexation of pensions, according to Andris Silins, the head of the Latvian Pensioners Federation, in an interview on the LNT morning show "900 sekundes", cites LETA.
The Latvian retirement and healthcare system should be reorganized, demographer Atis Berzins notes in an interview with Latvijas Avize, cites LETA.
Latvian Television reported last night that there has been a delay in pension payments to Russian citizens residing in Latvia, informs LETA.