Responsible fiscal policy is crucial in times of heightened uncertainty Amid exceptionally high geopolitical tensions and escalating trade wars, the global economy faces significant risks — including…
Fiscal Discipline Council Highlights Significant Geopolitical Risks in State Financial Planning The Fiscal Discipline Council has approved the Ministry of Finance's macroeconomic forecasts for the…
Latvia, like several EU member states, is currently experiencing 'post-crisis syndrome,' with economic growth slower than anticipated. Despite challenging conditions, the government has developed an…
The Saeima on September 26 has reappointed University of Latvia Professor Inna Šteinbuka as a member of the Fiscal Discipline Council (FDC) for a new term. Council members are appointed for six-year…
The Council is responsible for approving macroeconomic forecasts of the MoF, in accordance with the scope of indicators defined in Article 20 of the Fiscal Disciplin Law. The Council has no…
The development of the public debt in the coming years shows a growing trend, and the interest payments on the public debt is also growing quite rapidly - from 0.8% of GDP in 2023 to 1.4% of GDP in…
The Fiscal Discipline Council points to risks that may increase the public debt Currently, the economic development and the fiscal outcome are affected by geopolitical, macroeconomic and fiscal risks…
The Fiscal Discipline Council welcomes the fiscally responsible budget project, but points to risks. With a skilful fiscal policy, the government has successfully mitigated the economic and social…
On October 19, 2023, the Parliament of Republic of Latvia has approved Dr.oec. Jānis Priede as a member of the Fiscal Discipline Council for six years. The Council is an independent collegial body…
Fiscal Discipline Council: increasing the budget deficit will not provide the expected economic breakthrough. In Latvia, in general, the largest price growth has been overcome and at present, there…
