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"It will definitely be necessary to evaluate the implementation schedules, which, not so much in the first year, but afterwards leave an ever-increasing impact. (..) It is likely that this can be covered, but it immediately closes those opportunities for coming to the budget and voting for the millions that are currently being requested in demands from all sectors additionally." The current Minister of Finance, Māris Kučinskis (AS), pointed out: "It will definitely be necessary to evaluate the implementation schedules, which, not so much in the first year, but afterwards leave an ever-increasing impact. (..) It is likely that this can be covered, but it immediately closes those opportunities for coming to the budget and voting for the millions that are currently being requested in demands from all sectors additionally." #Budžets2027 #Ekonomika #Valdība (translated)

The year 2027 is essentially such that, as we have prepared the land, sown the seed, and then it grows. In this case - in 2027, we essentially need to do everything to prepare this soil, to sow the seed. And then there will be 2029, 2030, when we might feel [the result]. This is very important because the biggest problems for balancing the budget will be in 2029, 2030," confirmed the chairwoman of the Saeima's Budget and Taxation Committee, Aiva Vīksna (AS). #Budžets2027 #Ekonomika #Valdība (translated)

The state budget for 2027 is facing serious financial difficulties, as an additional 469 million euros need to be secured to meet already accepted obligations, while borrowing is becoming more expensive and budget deficit limits will soon expire. #Budžets2027 #Ekonomika #Valdība (translated)

I acknowledge the need for a tax increase next year. If reforms are not implemented next year and all currently considered cuts necessary to eliminate the large deficit are not achieved, then the question will certainly be raised again. #Budžets #Atvieglojumi #Ģimenes (translated)

I don't know how ready society is to give up the benefits for children, for dependents. These are definitely the questions they will raise. As well as support for "Latvenergo". I'm not saying that they are planning to take that away right now, but those are the benefits we have - for large families, for people with disabilities. These will be very tough discussions. #Budžets #Atvieglojumi #Ģimenes (translated)

A sustainable budget is the state's ability to finance its commitments in the long term while maintaining financial stability, explained the Speaker of the Saeima, Daiga Mieriņa (Union of Greens and Farmers), at the opening of the conference. #budžets #ekonomika #finanšu_stabilitāte (translated)

"That is why there is such a great rush, which, in my subjective view, complicates placing these tasks, because by placing the tasks and making calculations, we can also close that gap in the coming years. This could be very important," said Finance Minister Māris Kučinskis from the "United List" at the meeting of the National Tripartite Cooperation Council on Thursday, October 8th. #budžets #finanses #valdība (translated)

The Ukrainian government, struggling with a budget deficit of 23 billion euros, has implemented strict austerity measures that threaten municipal functions and make it difficult to pay salaries, leading even the mayor of Lviv to freeze his salary in solidarity with other workers. #Ukraina #taupība #budžets (translated)

Latvian Finance Minister Maris Kučinskis believes that the state budget for 2027 should be developed before the new government is approved, in order to prevent an increase in the deficit and to ensure the effective use of expenditures. #ГосударственныйБюджет #Латвия #ФинансоваяПолитика (translated)

In order to reduce the required work experience for a pension by five years, Latvian specialists point to the need to agree on the alignment of the minimum wage increase with the changes planned within the budget that affect the net income of workers. #minimālāalga #budžets #darbaļaužuizglītība (translated)

Contrary to officials' statements, the state can no longer balance expenditures solely by increasing taxes and will be forced to borrow increasingly larger amounts, creating an additional burden on the budget: by 2027, the national debt will exceed 20% of GDP - a threshold that Russian Finance Minister Anton Siluanov had recently promised not to breach, comments the web outlet "The Bell." #Krievija #budžets #militārieizdevumi (translated)