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"It will definitely be necessary to evaluate the implementation schedules, which, not so much in the first year, but afterwards leave an ever-increasing impact. (..) It is likely that this can be covered, but it immediately closes those opportunities for coming to the budget and voting for the millions that are currently being requested in demands from all sectors additionally." The current Minister of Finance, Māris Kučinskis (AS), pointed out: "It will definitely be necessary to evaluate the implementation schedules, which, not so much in the first year, but afterwards leave an ever-increasing impact. (..) It is likely that this can be covered, but it immediately closes those opportunities for coming to the budget and voting for the millions that are currently being requested in demands from all sectors additionally." #Budžets2027 #Ekonomika #Valdība (translated)

The year 2027 is essentially such that, as we have prepared the land, sown the seed, and then it grows. In this case - in 2027, we essentially need to do everything to prepare this soil, to sow the seed. And then there will be 2029, 2030, when we might feel [the result]. This is very important because the biggest problems for balancing the budget will be in 2029, 2030," confirmed the chairwoman of the Saeima's Budget and Taxation Committee, Aiva Vīksna (AS). #Budžets2027 #Ekonomika #Valdība (translated)

The state budget for 2027 is facing serious financial difficulties, as an additional 469 million euros need to be secured to meet already accepted obligations, while borrowing is becoming more expensive and budget deficit limits will soon expire. #Budžets2027 #Ekonomika #Valdība (translated)