Budget, Financial Services, Latvia
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Friday, 29.03.2024, 13:01
Fiscal space for 2018 has been increased to EUR 117 mln in Latvia
Previously the fiscal space in 2018 was estimated at EUR 81 million but now
it has been increased by postponing construction of a new prison in Liepaja,
south-western Latvia, the minister explained.
The Cabinet of Ministers is expected to take the decision about putting off
construction of the Liepaja prison until 2020 at a meeting behind closed doors
later on Friday.
The Cabinet will also discuss revenue and expenditure in the next year's
budget today and will consider the ministries' requests for allocations to
certain priority measures also at the meeting next week.
In 2018, revenue will be by EUR 19 million higher than expenditure in 2018
but both are expected to be on the same level in the years beyond 218,
Reizniece-Ozola said without giving any specific figures as these would still
be discussed.