EUR 140 million budget switch to healthcare approved in Latvia

Take note – story published 1 year ago

The government on Tuesday, June 20, backed a redistribution of an additional €140 million to health care. The government's Tuesday decision sets aside funding for emergency and priority measures to provide health services.

The budgetary resources have been redeployed to ensure the financing of urgent and priority measures for the health sector in 2023, the draft order states.

The Ministries were tasked to prepare information on the savings of expenditure generated during the implementation of the State budget of 2023 and projected by the end of the year, to ensure more funding for the health sector.

On June 16, the Ministry of Finance compiled and submitted to the government an information report on the reallocation of funding in 2023 for the health sector of EUR 140 million.

By reallocating funds in the State budget, sectoral ministries and other central state institutions have participated in the financing of emergency measures in the health sector this year in order to reach the budget of the health sector 12% of the total public budget expenditure. Health spending for 2023 with additional allocations will reach 12.3% of the country's consolidated budget, the Ministry of Finance reported.

In order to find the necessary funds, expenditure was reviewed by sectoral ministries and other public authorities. This will result in a reallocation of €57 million from sectoral ministries to the Ministry of Health.

The timetable for receiving additional funding for the health sector provides for an initial reallocation of €57 million from sectoral ministries in June-July. Meanwhile, by the end of December this year, the remaining funding from the reserved 140 million will be available, which will be covered by contingency funds and other public budget programs.

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