There is no beat, just everyday / day

The government's planned collapse presented last Friday was distributed by four priorities – security, family support, economic growth and reducing bureaucracy by 25%. When analyzing the economic growth section, it has to be concluded that it does not have new elements at all, all of which have already been started and work planned in advance.

« There are no new settings for economic growth in the government's priorities for 2025, which could have a significant impact on it. The specified elements should be considered as a routine hygiene measures that should be taken in a standard situation rather than when it comes to a quick and effective measure to create a noticeable effect on economic development, » Citadel Bank economist Karlis Purgailis. In his view, this Action Plan should include the priorities of improving the competitiveness of Latvian companies with tax reform, ie reducing the tax burden on labor, creating funding for the efficiency of a comprehensive public sector, as well as the introduction of diversified VAT rates, while increasing the base rate and reducing the rates. In addition, the years of discussions on the involvement of state and municipal enterprises in the capital markets have to be implemented, attracting both foreign and local private capital bonds and shares. The reduction of the gray and black economy, which is still unacceptable in the Latvian economy, is also not updated.