Mar Feb 2019 Mar Apr
P O T C P S Sv
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

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

P.: +371-67095405
F.: +371-67095503
E-mail: pasts@fm.gov.lv
info@fm.gov.lv

During the meeting on Thursday, August 30, Ministers of Finance of the Baltic States discussed financial issues topical for the region and separate aspects of cooperation between the Baltic States on the EU related matters.
On Thursday, August 30, in Riga the meeting of Ministers of Finance of three Baltic States - Latvia, Estonia and Lithuania - will be held to discuss finance issues important for the region, as well as to create a common view on several EU level matters.
On Tuesday, August 21, the Cabinet of Ministers supported amendments to the Law on Budget of 2007, thus making a significant step to a balanced budget already this year. The amendments envisage covering of budget deficit and development of a balanced budget which confirms the stringent fiscal policy implemented by the government and complies with the goals of the anti-inflation plan.
On Friday, August 17, the international ratings agency Fitch Ratings issued an announcement about downgrading Latvia's foreign currency issuer default rating to 'BBB+' from 'A-', keeping Latvia's status favourable for investments. Credit rating future evaluation is determined as stabile. Latvia's foreign currency IDR is maintained at level F2, local currency IDR is downgraded to 'A-' from 'A'.
On July 12, Minister of Finance Oskars Spurdziņš and European Union (EU) Commissioner for Economic and Monetary Affairs had a business lunch and discussed national economy development prospective of Latvia. Officials of Ministry of Finance and Ministry of Economics, as well as European Commission representatives were also involved in the discussion.
On July 12, within the framework of the visit by the European Union (EU) Commissioner for Economic and Monetary Affairs Joaquin Almunia to Latvia there was a press conference held with participation of the Commissioner and the Minister of Finance Oskars Spurdziņš.
On Tuesday, 6 March, the Cabinet endorsed a plan of measures aimed at curbing inflation. The plan was developed by a working party led by Oskars Spurdzins, the Finance Minister, and it provides for a range of steps to be taken in many areas of the national economy. To enable the key measures to be carried out immediately, also the necessary amendments to laws and the Cabinet Regulations have been endorsed.
On the 22nd August 2006 The Cabinet of Ministers (CoM) approved the concept "On the Implementation of the Strategic Planning and Medium-Term Budget Planning in the Public Administration". This concept offers possible solutions for improving the medium-term central government budget planning in Latvia - the purpose of the process is to set the available resources for the state within several years, by planning its spending accordingly, to the priorities stipulated by the government.
Fitch Ratings has affirmed Latvia's foreign currency and local currency Issuer Default ratings ("IDRs") at ‘A-' (A minus) and ‘A' respectively. The outlook is stable.
Having acquainted to the information report prepared by the Ministry of Finance the Cabinet of Ministers (CM) today approved the National Euro Changeover Plan for Latvia, stipulating that the Steering Committee for implementation of Euro will continue reporting to the government on the progress of the plan every quarter.

SIGN UP FOR NEWSLETTER

CALENDAR

Mar Feb 2019 Mar Apr
P O T C P S Sv
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

SIGN UP FOR NEWSLETTER

Kamera

Ministry of Finance processes personal data according to the laws and regulations. Before providing your personal data, please get acquainted with data proceeding procedure. In order to provide information accessible for the society, photos, as well as video and audio records might be made within the premises of the Ministry of Finance.

Read More

CONTACTS

Tālrunis uzziņām: 67095405

Lietvedības tālrunis: 67095578

Fakss: 67095503

E-pasts: info@fm.gov.lv

Adrese: Smilšu iela 1, Rīga, LV-1919, Latvija

This website uses cookies to improve your experience in using it and to optimise its operation. By continuing the browser session or clicking the button "Agree", you confirm that you agree to use cookies. For more detailed information, please read the Cookie Policy of our website.
Accept

Latvijas Republikas Finanšu Ministrija