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Tuesday, 23.04.2024, 18:30
Local governments to get at least 19.6% revenue to Latvian budget
BC, Riga, 03.10.2017.
Print version
Print versionIn the future, total tax revenue of local governments will be at least 19.6% of revenue to the general government consolidated budget, the Latvian Cabinet of Ministers and the Latvian Association of Local Governments agreed on October 2nd cites LETA.
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The local governments insisted on the 19.6% share while the central
government had proposed 19.5%.
Prime Minister Maris Kucinskis
(Greens/Farmers) said that the government would make a concession to the local
governments and approve their revenue at 19.6% of total tax revenue to the
national budget during the next three years. However, the local governments
will not be guaranteed revenue from personal income tax at 100% of the forecast
included in the national budget as it was planned, if they had agreed to a 19.5%
share of tax revenue.
The projected amount of tax, non-tax and other revenue to the local
government budget in 2018 was approved at EUR 386.98 million (excluding revenue
from personal income tax).
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