Posts tagged as budget deficit

I am against raising taxes to cover budget deficit – Latkovskis

Monday, November 25, 2019

The head of New Unity’s group at Saeima Ainars Latkovskis told LETA that he is against raising taxes to cover the budget deficit, which is why he too is against the recent proposal to increase the budget deficit. Laktkovskis told LETA if it decided to increase the budget deficit, then this would mean that financing will have to be sought to pay back the borrowed amount. This would mean raising…

China says higher 2019 budget deficit will spur growth, won’t open floodgates

Thursday, March 7, 2019

China’s decision to increase its budget deficit ratio to 2.8 percent this year from 2.6 percent in 2018 is appropriate for the economy, and leaves room for policymakers to maneuver, Finance Minister Liu Kun said on Thursday. But a proactive fiscal policy does not mean China will open the floodgates for stimulus, Liu said at a news conference on the sidelines of the annual parliamentary meeting in Beijing, reiterating past…

Latvian municipalities had worst budget deficit in 2018 since crisis

Tuesday, February 5, 2019

Latvian municipalities have finished the year 2018 with a combined budget deficit of 150.5 million euros, which is the largest such deficit since the economic and finance crisis around ten years ago. Latvian Ministry of Finance reported that the combined budget deficit, which last year had increased by 136 million euros as compared to the year 2017, can be attributed to a surge in capital spending, prompted by active investment…