The official Treasury's report on the central government budget execution for the period of January-May reveals that both the central government budget and local government budget surplus expanded in May; thus, the overall fiscal surplus of the general government budget grew by 54.1 million lats reaching 110.9 millions lats in May. As we know, at the end of April the fiscal surplus of the general government budget amounted to 56.8 million lats.
Ministers of Finance of the Nordic and Baltic Sea Countries - Estonia, Finland, Germany, Iceland, Latvia, Lithuania, Norway, Poland, Sweden and Denmark met for their 10th conference on May 19, 2005 in Hillerød, Denmark.
The European Union has entered the critical state of the negotiations on the next Financial Perspective 2007 - 2013. The decision made in respect to the Financial Perspective will affect considerably the future development of the European Union and its member states.
Finance ministers from the Nordic and Baltic Sea Countries, i.e. Denmark, Estonia, Finland, Germany, Iceland, Latvia, Lithuania, Norway, Poland and Sweden, met for their 9th conference on May 27-28 in Riga, Latvia.