Budget, Crisis, Financial Services, Latvia

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 16:43

Without 2019 budget Latvia is living in the past - Vilks

BC, Riga, 19.12.2018.Print version
With its 2019 budget yet to be adopted, Latvia is kind of living in the past, Latvia’s former finance minister Andris Vilks said in an interview with LNT commercial TV channel, citing LETA.

“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.






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