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Budgeting in Latvia

Author

Listed:
  • Dirk-Jan Kraan
  • Joachim Wehner
  • James Sheppard
  • Valentina Kostyleva
  • Barbara Duzler

Abstract

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.

Suggested Citation

  • Dirk-Jan Kraan & Joachim Wehner & James Sheppard & Valentina Kostyleva & Barbara Duzler, 2010. "Budgeting in Latvia," OECD Journal on Budgeting, OECD Publishing, vol. 9(3), pages 185-227.
    • Handle: RePEc:oec:govkaa:5kmh6dmr9zvk
    DOI: 10.1787/budget-9-5kmh6dmr9zvk
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    Cited by:

    1. Laurent Bouton & Alessandro Lizzeri & Nicola Persico, 2020. "The Political Economy of Debt and Entitlements," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 87(6), pages 2568-2599.
    2. Laurent Bouton & Alessandro Lizzeri & Nicola Persico, 2020. "The Political Economy of Debt and Entitlements," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 87(6), pages 2568-2599.

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