Latvia's finance minister rules out higher VAT and income tax for 2027
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- 🇱🇻 Latvia
- Event
- On 22 Oct 2026 Latvian Finance Minister Māris Kučinskis says in a radio interview that the 2027 budget will not raise VAT or income tax
The minimum wage rises as scheduled from €780 to €820 a month; he considers a freeze of the public-sector wage fund possible; the 2027 budget is to be adopted only at the end of January
Extra funds are to come only from streamlining existing spending; Kučinskis rules out cuts to health and education. He warns of sizeable fiscal holes in the following three years if reforms do not pay off; state institutions with overlapping functions are to be merged (LSM English, 22 Oct 2026).
Source: eng.lsm.lv ↗ · Archived copy ↗
Evidence: one source · archived copy saved · How well sourced is Eurotrack?
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