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The announcement was made tonight by Prime Minister Valdis Dombrovskis, who added that now officially Latvia must consolidate the state budget next year by an additional 150 million-180 million lats, writesLETA.
The lenders also supported the re-channeling of EUR 300 million ( LVL 210 million) that was previously allocated for stabilization of the financial sector to budget deficit needs. This amount money, however, will only be available after the plan for selling "Citadele banka" will be submitted to the European Commission for approval at the end of May, said Dombrovskis.
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