State support during Covid-19 crisis has been lower than expected and needs to be revised – Financial Discipline Council

Leta | Jan 21, 2021 at 2:34 PM
  • State support during the Covid-19 crisis has been lower than expected and it needs to be revised.
  • The council also emphasizes that major EU investments in Latvia are expected in the coming years, which is why the Finance Ministry should analyze the projected investment amounts, criteria for selection of investment projects, investment timetable and its impact on the economy, which is important for the development of the fiscal policy.
  • The Financial Discipline Council believes that several scenarios must be developed to assess the impact of a delayed vaccination campaign and the need to maintain the restrictions during the second half of the year.