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The Ministry of Finance is the managing public administration institution in the finance sector

The Ministry forms the national tax policy, drafts the annual state budget, manages European Union structural funds, as well as monitors macroeconomic development of the state




Ministry of Finance
of the Republic of Latvia
1 Smilsu st., Riga
LV-1919, Latvia

P.: +371-67095405
F.: +371-67095503


Brussels, January 21, 2015. – On Wednesday, 21 January, Finance minister of Latvia Mr Janis Reirs had a meeting and exchanged opinions with Members of the Economic and Monetary Committee (ECON) of the European Parliament. for the discussion in the meeting focused on the overall economic growth of the European Union (EU) and the necessary implementation of well thought-out economic, financial and fiscal policy, as well as the goal to put into practice the Investment Plan for Europe as soon as possible. As the main directions that will characterize cooperation with ECON Committee Members during the Latvian Presidency the Minister mentioned competitiveness, investment, economic governance, bank union, financial market regulation and tax policy issues.

Brussels, 20 January, 2015. – On Tuesday, 20 January, Latvian Finance Minister Janis Reirs addressed Members of the European Parliament (EP) at the Regional Development Committee (REGI). The Minister emphasised that structural reforms, fiscal responsibility and investment played a significant role in facilitating growth in the European Union (EU), and Cohesion Policy is strengthening these three elements. 

Promotion of economic growth is important not only for Latvia, but also for the entire European Union (EU). Therefore, during the next six months or Latvia’s Presidency in the EU Council, the most important priority in the economic and financial sector will be promotion of EU growth. In this regard not only the Juncker Plan, but also readiness of EU Member States for structural reforms is important.

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