Wednesday, April 15, 2026

Headlines

inflation

Excise tax on diesel fuel reduced for three months

On Thursday, 26 March 2026, the Saeima adopted in the final reading the Fuel Price Increase Limitation Law, which provides for temporary measures to reduce the impact of rising fuel prices on the national economy and the population. Diesel fuel could become cheaper by 8.6 cents per litre. “This is a balanced decision that helps to reduce cost pressures on entrepreneurship while at the same time strengthening economic stability. At the same time, the overall budget revenue is maintained […]

Because of heating, we are ready to get sick more and eat less

Rising heating costs threaten to affect not only daily expenses but also quality of life. Latvian households will face a significant financial burden in the upcoming heating season – only 30% will be able to pay their heating bills without difficulty, while 67% plan to limit their everyday spending, and 3% already predict that they will not be able to pay their bills at all, according to a survey conducted by the bank Citadele. The payment of bills for the upcoming heating season […]

State budget: in ten years there has not once even been a planned reduction of budget expenditures

Over the past ten years, the state budget has never once included a planned reduction in expenditures, and the government has also never been able to plan the budget realistically. Every year the state has spent 1.5 to 3.6 billion euros more than was planned when preparing and adopting the state budget, according to data from the Saeima, the Ministry of Finance and the State Treasury. The Cabinet of Ministers has now once again […]