Budget, Crisis, Financial Services, Latvia
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Friday, 29.03.2024, 16:43
Without 2019 budget Latvia is living in the past - Vilks
“If we have no budget, we are kind of living in the past – we cannot give the people what we might afford to give. It is the duty of the politicians and the president to form a government as soon as possible and pass a regular budget,” Vilks said.
The ex-minister predicted that Latvia’s 2019 budget might start working in March at the earliest. “The situation is sad. When I was a minster it was the time of crisis, but we, pressed by the International Monetary Fund (IMF) and the European Commission, still managed to draw up a budget. Now that the economy is growing and there are no shocks, we find ourselves in a very sad situation – the next budget might start working in March at best,” Vilks said.
However, Vilks spoke appreciatively of the new practice to draw up a budget not for only one year but for three years.
Vilks served as Latvia’s finance minister from November 2010 to November 2014.