Latvian government agrees to spend money it saved

The Cabinet of Ministers on October 29 supported reallocating for other purposes EUR 31.17 million saved by ministries and other government institutions in their budgets this year, reported the LETA newswire.

The government heard the Finance Ministry's report on the budget funds remaining unspent that could be reallocated in 2019.

The Finance Ministry had asked all ministries to assess their 2019 budget performance and report on the funds they will not be able to spend according to the stated purpose by the end of the year. Information on such unspent budget funds was received from 11 ministries and the Cross-Sectoral Coordination Center.

The information provided by the ministries and the Cross-Sectoral Coordination Center suggests that EUR 31,175,000 of their budget funds will remain unused this year.

The Welfare Ministry has reported the largest amount of budget money - EUR 7.92 million - that will not be spent by the end of 2019. The Finance Ministry follows with EUR 7.9 million, the Economics Ministry with EUR 6.88 million, the Health Ministry with EUR 3.67 million, the Education and Science Ministry with EUR 1.86 million and the Interior Ministry with EUR 1.1 million.

The government had to decide on the criteria for the reallocation of the spare funds and the activities on which the money should be spent.

The government approved reallocating EUR 5.1 million of the spare funds to the Economics Ministry, EUR 8.88 million to the Health Ministry, EUR 1.09 million to the Interior Ministry, EUR 1.54 million to the Education and Science Ministry, EUR 7 million to the Transport Ministry, EUR 4.12 million to the Welfare Ministry, EUR 192,496 to the Justice Ministry, EUR 1.36 million to the Culture Ministry, and EUR 383,238 to the public broadcasters - Latvian Radio and Latvian Television.

EUR 18,600 will be provided to the Foreign Ministry for the activities of the Baltic Center for Media Excellence.

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