Prime Minister: State Spending Cannot Grow Faster Than Revenue

Latvian Prime Minister Andris Kulbergs of the United List party said on Friday, 9 October, that state spending growth must not outpace growth in revenue. He made the remarks at a conference devoted to a sustainable state budget in the digital age.

The prime minister stressed that the state cannot keep increasing expenditure faster than income and hope that economic growth will solve all problems in the government's place. In this way, he urged against relying on growth alone to cover budget gaps.

The source gives no further details on specific budget decisions, amounts or planned measures. The statement shows the approach to public finances that the prime minister voiced at the conference on budget sustainability.