Fiscal discipline is not first priority in situation of geopolitical turbulences - Steinbuka

Published date04 August 2022
Publication titleLETA

RIGA, Aug 4 (LETA) - In the current geopolitical situation, fiscal discipline is not the first priority, but it should not be forgotten completely, said Fiscal Discipline Council (FDP) chairwoman Inna Steinbuka in an interview with LETA.

"I hope Latvia will manage to overcome the economic difficulties and consequences from the war unleashed by Russia in Ukraine with the less possible loss to every family and the state budget. Of course, fiscal discipline is not the first priority during the geopolitical turbulences. Being the head of the FDP, I believe that at present fiscal discipline is just one of the priorities that should not be forgotten," said Steinbuka.

Steinbuka reminded that the council and the European Commission recommend Latvia to use budget economically and with determination, even though currently there are no formal restrictions for government expenses and budget deficit.

"We should remember that Latvia has managed to keep a...

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