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The Saeima has started to decide on the 2021 budget in the final reading

The Saeima has started to decide on next year’s budget in the final reading. So far, only a small proportion of the several hundred proposals have been considered. And politicians admit that the adoption of the budget may take until next week.

The work is not smooth, as mainly opposition MPs are engaged in a wide-ranging debate. They criticize the coalition for hasty decisions and call for a transition period of at least six months before raising any taxes.

“There is less than a month and a half left until January 1. In my opinion, it is not a normal situation that these tax changes are driven at such an abnormal pace, right next to the budget, ”says Saeima deputy Yulija Stepanenko.

“I would like to remind you that in the committee we debated the draft laws for a total of six days, there was a wide discussion, and the majority of the committee did not support this third proposal,” says Mārtiņš Šteins (AP).

MEPs have yet to decide on the most controversial changes: the introduction of mandatory minimum social security contributions and a new framework for alternative tax regimes. In the new budget, the largest additional funding is allocated for raising medical salaries. In total, 10.8 billion euros of expenditure and 9.6 billion euros of revenue are planned. The deficit is estimated at 3.9% of GDP.

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