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Public Finance Perspective - Latvia

Dmitri Maslitchenko dmitri@mailroom.com

An overview of the Latvian Economy

Recent reform efforts...

The Budget System

Extrabudgetary Funds...

Background of Budgetary Revenues...

Composition of Budgetary Revenues...

Composition of Budgetary Expenditures...

Debt...

Recent budgetary conditions...

Budget and fiscal developments...

Intergovernmental Relations

Monetary Developments

Social Safety Net

Structural Reform

The banking crisis...

Statistics related to structural reform (see tables at end of paper)...

Trade and Investment Regulations...

Privatization of land, housing, and enterprises...

The reopening of the stock exchange...

Recommendations for further structural reforms...

Latvian Outlook...

Sectoral reform

Agriculture...

Industry...

Energy...

Health Care...

Education, Training, and Research...

Environment...

Transportation...