President supports budget plans

President Andris Bērziņš said Thursday he supported the government's 2015 budget proposals, opening the way to parliamentary discussion of the spending plans as officials race to meet an end-of-year deadline.

Speaking after meeting with Finance Minister Janis Reirs on Thursday, Bērziņš said he welcomed the government's draft budget and urged the Saeima to support it.

"I have gained confidence that the budget has been prepared on the basis of realistic and substantiated data and forecasts. I support its adoption," the president said.
 
According to the Ministry of Finance the 2015 budget envisages a structural general government deficit target of 1% of GDP.

The draft budget is intended to ensure a "stable and predictable tax policy," while increasing measures to combat the shadow economy.
 
Funding totalling €180m is also included as a reserve for special priorities and emergency measures.

The government says it will have the budget passed by Saeima ahead of an end-of-year deadline.

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Economy
Economy