Baltic information, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS. Latvia’s Transport Ministry’s priorities in the 2020 price range may be public shipping services and avenue maintenance, like in previous years, says Transport Minister Tālis Linkaits. When asked if there are plans for any new initiatives, the minister stated no such plans are in consideration for the time being. «Traditionally, however, we are coping with a deficit,» said Linkaits, adding that the deficit in public transport offerings is EUR 15 million. This money will not be blanketed from the country’s budget. The uncovered debt for railway transports is EUR 14 million.
«Roads represent an economic hole for 2019 and 2020,» said the minister.
On Tuesday, 23 April, the Cabinet of Ministers supported the government action plan that info work for the subsequent numerous years as its miles regarded. According to modern-day estimates, these paintings will value the country’s budget of around EUR 1 billion. On Thursday, ministers will meet to talk about the 2020 and medium-time period price range and government priorities.
Prime Minister Krišjānis Kariņš had previously stated that the authority’s movement plan’s covered goals may be applied before the following Saeima elections and according to the abilities of the country’s price range. «We will talk this Thursday about the price range, priorities, and their implementation. I want ministers to discuss what the authorities will do in the next three years,» said the top minister. According to Kariņš, first of all, making sure a settlement on a financially sound government movement plan is essential.
«Judging by digits, we can study realistic programs and the speed of their implementation,» added the high minister. According to estimates from the Finance Ministry, the 2020 country finances’ monetary space could be poor EUR eleven million. The financial space in step with the Fiscal Discipline Council is far worse – negative EUR 112 million. The differences between the two establishments’ views on economic areas, Kariņš said estimates tend to vary.
Nevertheless, he will use the Finance Ministry’s estimates because different Eurozone member states utilize a similar calculation approach. When asked about the government’s limited alternatives to include new finances for 2020 priorities, Kariņš said it’s viable to locate extra funds by reviewing the expenses of ministries and programs that use the investment from EU funds and private partnership merchandise. Additionally, increasing financial income in the outlined economic boom is feasible.