Successful EU funds utilisation is one of the prerequisites for the economic development of Latvia. EU funds assistance can be evaluated as an important contribution to the development of economics of Latvia. State aid programs are intended to EU funds allocations in the sphere of entrepreneurship, they improve economic activity and promote regional development. There is a new discounting provision included in the new European Commission Guidelines on national regional aid and regulations on state aid for planning period 2007 – 2013 that was not foreseen before. Analysing this principle it can be concluded that it creates double discounting situation. Therefore it is important to develop discounting provision application mechanism for Latvia that would be for favourable for finance recipients and solve problems connected with this introduction.