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Friday, 29.03.2024, 11:31
Dombrovskis commends Latvia’s progress in implementation of EU recommendations
Photo: em.gov.lv |
During the
meeting the officials discussed Latvia’s macroeconomic situation, the budget
formation process, shadow economy and the tax reform, as well as the necessary
changes in the education and health care sectors.
Dombrovskis said that the new tax reform will be a
limited impact on reducing the tax burden of recipients of small wages, and in
this respect Latvia could make more effort. Aseradens noted that reduction of
inequality is Latvia’s challenge. Also, the OECD report on Latvia presented on
September 15 pointed at this problem.
The officials also discussed the progress in reducing
shadow economy. Aseradens said that a significant progress has been achieved in
construction, there are also discussion held with other sectors, and capacity
of the State Revenue Service is strengthened.
"There is overall positive change in the Latvian
society, there is an attitude change in the society," said the minister.
Speaking about the national economic growth,
Dombrovskis said that there are still complications in the lending area and he
called on business representatives to use the opportunities provided by the
so-calls Juncker investment plan and Development Financial Institution Altum.
The parties agreed to continue close cooperation
between Latvia and the European Commission in implementation of structural
reforms.
In December 2017 bilateral talks between Latvia and
the European Commission on the progress of implementation of recommendations
are planned.