Connect with us

Hi, what are you looking for?

European Union

Commission presents Opinion on Latvia’s updated Draft Budgetary Plan for 2023

The Commission has adopted its Opinion on Latvia’s updated Draft Budgetary Plan for 2023. The Plan presented by the Latvian authorities updated the no-policy-change plan submitted by the outgoing government in October 2022.

This Opinion finds that, overall, Latvia’s updated Draft Budgetary Plan is in line with the Council Recommendations of July 2022. Latvia plans to finance additional investment through EU funds and preserve nationally financed investment which is driving the expansionary fiscal policy stance. It also plans to finance public investment for the green and digital transitions.

While Latvia rapidly deployed measures in response to the increase in energy prices, it is important that Latvia increasingly focuses such measures on the most vulnerable households and exposed firms, to preserve incentives to reduce energy demand, and withdraws these measures as energy price pressures diminish.

The Commission is also finds that Latvia has made some progress on the structural part of the fiscal recommendations contained in the Council Recommendations of July 2022 which required Latvia to broaden taxation and strengthen the adequacy of healthcare and social protection to reduce inequality.


Under the European Semester, the Commission issues Opinions on the Draft Budgetary Plans of eurozone member states each year. The Eurogroup will now discuss the Commission’s Opinion. The national parliament should then take this discussion into account before adopting the budget for 2023.

Share this article:

EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter.

You May Also Like

European Union

After a Russian-occupied Zaporizhzhia nuclear plant in Ukraine was detained, U.N. nuclear watchdog chief Rafael Grossi announced that the man responsible has been released....


For many years we have seen how the Soft Power used by the Kremlin works exclusively through culture, exhibitions, musical groups presentations, etc. It...


The Azerbaijani diaspora, which numbers some 60 million people around the world has entered the virtual social media battle being waged between Armenia and...

United States

The body of the stone dealer had been decaying for several weeks by the time it was found in an Upper West Side apartment....