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Budgeting in Latvia

Kraan, Dirk-Jan, Wehner, Joachim ORCID: 0000-0002-1951-308X, Sheppard, James, Kostyleva, Valentina and Duzler, Barbara (2010) Budgeting in Latvia. OECD Journal on Budgeting, 9 (3). pp. 185-227. ISSN 1608-7143

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Identification Number: 10.1787/budget-9-5kmh6dmr9zvk


At the time of this review, fiscal policy in Latvia was in considerable turmoil as a consequence of the world-wide financial crisis. Thus, some of the usual budget rules and procedures were not followed during budget preparation 2009 and 2010 and budget execution 2009. This review examines the usual budget rules and procedures that were followed until 2008 and also the major institutional revisions that were discussed in 2009. The instability of fiscal policy is a major problem for Latvia and there is an urgent need to bring more stability to the budget process.

Item Type: Article
Official URL:
Additional Information: © 2010 OECD
Divisions: Government
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HJ Public Finance
J Political Science > JA Political science (General)
JEL classification: H - Public Economics > H3 - Fiscal Policies and Behavior of Economic Agents > H30 - General
H - Public Economics > H6 - National Budget, Deficit, and Debt > H61 - Budget; Budget Systems
Date Deposited: 17 Jan 2012 16:19
Last Modified: 16 May 2024 01:09

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