Latvian coalition party representatives have offered to improve the fiscal space of the 2020 budget, for example, by introducing a fee on banks and raising the gambling tax on slot machines.
On August 29 a meeting of the Latvian government coalition partners took place, where representatives of the political parties continued to look for solutions, where to find the funds missing from the fiscal space.
Imants Paradnieks from the national-conservative National Alliance suggested introducing a new fee on the banking sector.
“We need 10 million euros for the implementation of the Moneyval program, but this shouldn’t be paid from tax-payer money, rather from banks, which are responsible for it,” believes Paradnieks, pointing to the profits of the banks having totaled 294.5 million euros in 2018.
The former member of Parliament added that the Latvian Finance Ministry had to look for a way to take the 72 million euros lost due to the financial situation of the SIA Rigas satiksme transport company from the budget of the Riga City Council, its owner.
“It is inadmissible that the whole of Latvia should pay for the irresponsibility of Rigas satiksme. The Finance Ministry should bring a solution,” stated Paradnieks.
MP Krisjanis Feldmans from the New Conservative Party noted that his party had offered to raise the gabling tax on slot machines to 6,000 euros per slot machine.
“Thus we could acquire at least 15 million euros,” said the Latvian MP. (BNN/Business World Magazine)