Consolidation Vs. Stimulus: Post-Crisis Experience of Fiscal Policy in Latvia

Conference Proceedings of 40th Conference on Medium Term Economic Assessment 2010
Jūlija Burģe

In the publication the aspects of fiscal policy related to financial and economic crisis and after-crisis period in Latvia are being discussed. The main fiscal policy direction for 2009-2012 is to continue significant consolidation of public finances through reduction of wages, government size and implementation of structural reforms till the deficit criteria is achieved. At the same time within the reduced budget some fiscal stimulus measures were implemented of which the EU funds are considered as the most important.

Keywords
budget consolidation, economic cycle, fiscal policy, fiscal stimulus

Kekļa, J. Consolidation Vs. Stimulus: Post-Crisis Experience of Fiscal Policy in Latvia. In: Conference Proceedings of 40th Conference on Medium Term Economic Assessment, Luxembourg, Luxembourg, 23-24 September, 2010. Luxembourg: STATEC, 2010, pp.1-3.

Publication language
English (en)