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Thursday, 25.04.2024, 00:32
Latvian PM: budget priority in 2017 could be healthcare
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The PM emphasized that right after the 2016 budget is approved, work will begin on the 2017 budget, where the priority could be healthcare.
Straujuma said that, together with the Finance Ministry, discussions will be launched on a medium-term tax system, but together with the Health Ministry solutions will be found to introduce a compulsory health insurance system.
Meanwhile, Health Minister Guntis Belevics (Greens/Farmers) informed that preparation work will begin this year for that the compulsory health insurance system could become possible.
As reported, the government today supported the 2016 national budget bill, which projects revenue at EUR 7.37 billion, but expenditures at EUR 7.65 billion.
Compared to the 2015 budget, revenue is expected to increase by EUR 114.2 million, but expenditures – by EUR 183.2 million.
GDP in 2016 is projected at EUR 26.13 billion.
The permissible total budget deficit has been set at 1% of GDP.
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