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Latvia Eyes Public Spending Cuts Amid Budget Strain and MP Rings Alarm Bells

Summary by intellinews.com
Latvia’s government ministries have begun outlining a series of proposed cost-cutting strategies aimed at easing pressure on the national budget. More than 250 suggestions have been submitted to the Ministry of Finance.

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The main points of the proposal have to do with the consolidation of a special regime for imports, the exemption of employer pension contributions to new jobs and the reduction of VAT.The Executive Branch sent a bill to Parliament with measures to “mitigate disadvantages” that occur in border areas. [These points had been announced on June 5 in Artigas by the Minister of Economy and Finance, Gabriel Oddone] (https://ladiaria.com.uy/politica/arti…

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la diaria broke the news in on Tuesday, July 1, 2025.
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