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"Since Covid-19, the role of the state in the economy has significantly increased, with expenses growing faster than revenues. We cannot continue like this for long. A thorough evaluation is needed on the state expenditure side," Kazāks stated. #ValstsBudžets #EkonomikasAttīstība #LatvijasBankasPrezidents (translated)

We remember the crisis of 2008 when Latvia's debt was about 10% of GDP. Over three years, it increased to 40. Therefore, smarter management of existing state resources is necessary to reduce the state's role in the economy and increase its efficiency, helping the economy to recover more quickly. The needs in the state budget will be immense. #ValstsBudžets #FinanšuMinistrija #Taupība (translated)