Latvia, like several EU member states, is currently experiencing 'post-crisis syndrome,' with economic growth slower than anticipated. Despite challenging conditions, the government has developed an economically sound budget proposal, though several risks may impact fiscal indicators in the medium term.
In accordance with Articles 28(9)(3) and 29(1) of the Law on Fiscal Discipline, the Council has prepared a Surveillance Report on the 2025–2027 Medium-Term Budgetary Framework, the 2025 Budget, and the Fiscal Structural Plan for 2025–2028. This report (No. 1-08/342) was submitted to the Saeima and the Cabinet of Ministers on October 11, 2024.
An executive summary of the Surveillance Report is available [here], and more information can be accessed by following the link.