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ID number:660464
Published: 02.03.2011.
Language: English
Level: Secondary school
Literature: n/a
References: Used
Time period viewed: 2010.g. - 2010.g.

Latvia is in hard situation. People are losing jobs, prices are getting higher, government in a difficult situation because need to find a way out of crisis and also in this year is presidential elections. It is hard time for everyone.
One of the most important economic issues covered by The Baltic Times is state budget. This is new year and government has adopted new budget to increase revenue. The main source of incomes are taxes. So, government decides for structural reforms in health care education and social areas. They shifted personal income tax, social tax, property tax and value added tax. Government put some tasks. One of main task is to battle shadow economy. …

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