Levits: 2021 budget may need to be adjusted later on

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President Egils Levits said the budget adopted for 2021 was "not unsuccessful" but he would add his comments when signing it, Latvian Television reported December 7. 

He said the budget, which was debated in the Saeima for over a week, had been adopted as a matter of urgency, so he has no chance of sending it for reconsideration, but he will add his comments to the budget package.

He said there are “individual things which I want to point out”, for example, people earning less the minimum wage would have to pay the minimum social contributions from the minimum wage.

“This reduces opportunities for people to work secondary jobs and part-time jobs,” the President said.

Levits said that even in theory, no budget could come out so that everyone would be satisfied, and even if everything was good, it could always be better.

He also pointed out that we do not know at the moment how this budget will work in the context of the economic decline, we may need to adjust something next year, and the government needs to be more flexible than usual to adjust something that does not go in the right direction.

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