2013. gada 6. jūnijā Rīgā norisinājās Finanšu ministrijas organizēta starptautiska konference „Fiskālās politikas perspektīvas Latvijā un Eiropas Savienībā”.
Konferencē diskutēja par fiskālās politikas reformām, kas ir viens no aktuālākajiem jautājumiem Eiropas politikas darba kārtībā. Konferences dalībnieki tika iepazīstināti arī ar pašreizējām tendencēm Baltijas valstu publiskajās finansēs un turpmākā darba prioritātēm.
This presentation by Hakan Ay, Turkey, was made at the 10th Meeting of CESEE Senior Budget Officials held in Den Haag on 26-27 June 2014. Find more information at http://www.oecd.org/gov/budgeting/10thannualmeetingofseniorbudgetofficialsfromcentraleasternandsoutheasterneuropeanceseecountries.htm
Rahamuseon webinaari: Ilmastonmuutoksen vaikutus valtionlainoihin sijoituskoh...Finanssivalvonta
Rahamuseon webinaari 7.12.2021: Ilmastonmuutoksen vaikutus valtionlainoihin sijoituskohteena. Finanssivalvonnan johtavan riskiasiantuntijan Mikko Sinersalon esitysmateriaali webinaarissa 7.12.2021
Azerbaijan’s current fiscal stance is quite strong; however, this stability is completely based on oil-related revenues. In the meantime, the situation with alternative sources of fiscal revenues is uncertain. A large part of fiscal management is built on opacity and an assessment of budget spending efficiency has never been done. It is likely that Azerbaijan will only be able to maintain its fiscal stability through the next ten years or so, i.e. until the end of the active oil-extraction period. In the more distant future, a substantial fiscal correction will be necessary.
Authored by: Dmytro Boyarchuk
Published in 2012
Finland's Economic Policy Council published their annual report in January 29, 2020. In the report, the Council evaluates the government’s fiscal policy and its employment-promoting policies. As in the previous reports, in addition to fiscal policy, the Council concentrates on fiscal sustainability and on the connections between social security and employment.
Martin Ellison, professor of Economics at the University of Oxford and a member of Economic Policy Council, presented an overview of the report in the report launch seminar in Helsinki.
For more information, please see: https://www.talouspolitiikanarviointineuvosto.fi/en/home/
Finland's Economic Policy Council published their annual report in January 29, 2020. In the report, the Council evaluates the government’s fiscal policy and its employment-promoting policies. As in the previous reports, in addition to fiscal policy, the Council concentrates on fiscal sustainability and on the connections between social security and employment.
Lars Calmfors, Professor of International Economics at the IIES in Stockholm, gave his comments on the 2019 report. Professor Calmfors gave this presentation in the report launch seminar, in Helsinki, on 29 January 2020.
For more information, please see: https://www.talouspolitiikanarviointineuvosto.fi/en/home/
This presentation by Hakan Ay, Turkey, was made at the 10th Meeting of CESEE Senior Budget Officials held in Den Haag on 26-27 June 2014. Find more information at http://www.oecd.org/gov/budgeting/10thannualmeetingofseniorbudgetofficialsfromcentraleasternandsoutheasterneuropeanceseecountries.htm
Rahamuseon webinaari: Ilmastonmuutoksen vaikutus valtionlainoihin sijoituskoh...Finanssivalvonta
Rahamuseon webinaari 7.12.2021: Ilmastonmuutoksen vaikutus valtionlainoihin sijoituskohteena. Finanssivalvonnan johtavan riskiasiantuntijan Mikko Sinersalon esitysmateriaali webinaarissa 7.12.2021
Azerbaijan’s current fiscal stance is quite strong; however, this stability is completely based on oil-related revenues. In the meantime, the situation with alternative sources of fiscal revenues is uncertain. A large part of fiscal management is built on opacity and an assessment of budget spending efficiency has never been done. It is likely that Azerbaijan will only be able to maintain its fiscal stability through the next ten years or so, i.e. until the end of the active oil-extraction period. In the more distant future, a substantial fiscal correction will be necessary.
Authored by: Dmytro Boyarchuk
Published in 2012
Finland's Economic Policy Council published their annual report in January 29, 2020. In the report, the Council evaluates the government’s fiscal policy and its employment-promoting policies. As in the previous reports, in addition to fiscal policy, the Council concentrates on fiscal sustainability and on the connections between social security and employment.
Martin Ellison, professor of Economics at the University of Oxford and a member of Economic Policy Council, presented an overview of the report in the report launch seminar in Helsinki.
For more information, please see: https://www.talouspolitiikanarviointineuvosto.fi/en/home/
Finland's Economic Policy Council published their annual report in January 29, 2020. In the report, the Council evaluates the government’s fiscal policy and its employment-promoting policies. As in the previous reports, in addition to fiscal policy, the Council concentrates on fiscal sustainability and on the connections between social security and employment.
Lars Calmfors, Professor of International Economics at the IIES in Stockholm, gave his comments on the 2019 report. Professor Calmfors gave this presentation in the report launch seminar, in Helsinki, on 29 January 2020.
For more information, please see: https://www.talouspolitiikanarviointineuvosto.fi/en/home/
Deputy Governor Marja Nykänen
Bank of Finland
Financial stability assessment: Coronavirus pandemic demonstrates the necessity of risk buffers
Bank of Finland Bulletin press conference 5 May 2020
www.eurojatalous.fi
Governor Olli Rehn: Recovery continues, overshadowed by COVID – monetary pol...Suomen Pankki
Governor Olli Rehn: Recovery continues, overshadowed by COVID – monetary policy under conflicting pressures, Bank of Finland Bulletin press conference 17 December 2021
Subnational Debt Management in Brazil and Mexico: Fernando Blanco, Lead Econo...World Bank Publications
General description for each presentation:
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Presentation on Capitol Hill in a Panel Discussion with Local Leaders, by Sarah Puro, Principal Analyst, Budget Analysis Division, Congressional Budget Office
Ec4024 Lecture13: The Stability and Growth Pact: Time to Break the Rules?Stephen Kinsella
The Stability and Growth Pact is too restrictive to allow Ireland to get out of the current economic difficulties it finds itself in. I argue we should break those rules, with a grin, for a few years.
Finland's Economic Policy Council published their annual report in January 29, 2020. In the report, the Council evaluates the government’s fiscal policy and its employment-promoting policies. As in the previous reports, in addition to fiscal policy, the Council concentrates on fiscal sustainability and on the connections between social security and employment.
This year, one of the background reports looks at the assessment of risks of the Finnish Government Guarantee System. Professor of Economics Juha Junttila of the University of Jyväskylä, presented key finding in the report launch seminar, in Helsinki, on 29 January 2020.
For more information, including the full EPC 2019 report and all five background reports, please see: https://www.talouspolitiikanarviointineuvosto.fi/en/home/
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Presentation by Wendy Edelberg, CBO’s Assistant Director for Macroeconomic Analysis, and Teri Gullo, CBO's Assistant Director for Budget Analysis, at the Center on Budget and Policy Priorities.
Subnational Debt: the Case of the Russian Federation: John Litwack, Lead Econ...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Presentation by Megan Carroll, an analyst for CBO’s Budget Analysis Division, at the Department of Commerce Resource Management Conference.
Since 1975, CBO has produced nonpartisan analyses of budgetary and economic issues to support the Congressional budget process. Each year, the agency’s economists and budget analysts produce dozens of reports and hundreds of cost estimates for proposed legislation. This presentation makes key points related to CBO’s cost estimates for proposed legislation and how they relate to budget enforcement procedures.
Finland's Economic Policy Council published their annual report in January 29, 2020. In the report, the Council evaluates the government’s fiscal policy and its employment-promoting policies. As in the previous reports, in addition to fiscal policy, the Council concentrates on fiscal sustainability and on the connections between social security and employment.
One of the background reports of 2019 deals with the Risks of the Finnish Government Guarantee System. Government Counsellor Kari Parkkonen from the Ministry of Economic Affairs and Employment gave his comments in the report launch seminar, in Helsinki, on 29 January 2020.
For more information, including the full EPC 2019 report as well as all five background reports, please see: https://www.talouspolitiikanarviointineuvosto.fi/en/home/
Lessons for Borrowing Policy and Subnational Risks Management - Lessons from ...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Presentation by Wendy Edelberg, an Associate Director for Economic Analysis at CBO, at the National Bureau of Economic Research conference, Economics of Infrastructure Investment.
Federal investment in physical capital, education, and research and development boosts private-sector productivity gradually, CBO estimates. The overall macroeconomic and budgetary effects of federal investment depend on how that spending is financed.
Deputy Governor Marja Nykänen
Bank of Finland
Financial stability assessment: Coronavirus pandemic demonstrates the necessity of risk buffers
Bank of Finland Bulletin press conference 5 May 2020
www.eurojatalous.fi
Governor Olli Rehn: Recovery continues, overshadowed by COVID – monetary pol...Suomen Pankki
Governor Olli Rehn: Recovery continues, overshadowed by COVID – monetary policy under conflicting pressures, Bank of Finland Bulletin press conference 17 December 2021
Subnational Debt Management in Brazil and Mexico: Fernando Blanco, Lead Econo...World Bank Publications
General description for each presentation:
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Presentation on Capitol Hill in a Panel Discussion with Local Leaders, by Sarah Puro, Principal Analyst, Budget Analysis Division, Congressional Budget Office
Ec4024 Lecture13: The Stability and Growth Pact: Time to Break the Rules?Stephen Kinsella
The Stability and Growth Pact is too restrictive to allow Ireland to get out of the current economic difficulties it finds itself in. I argue we should break those rules, with a grin, for a few years.
Finland's Economic Policy Council published their annual report in January 29, 2020. In the report, the Council evaluates the government’s fiscal policy and its employment-promoting policies. As in the previous reports, in addition to fiscal policy, the Council concentrates on fiscal sustainability and on the connections between social security and employment.
This year, one of the background reports looks at the assessment of risks of the Finnish Government Guarantee System. Professor of Economics Juha Junttila of the University of Jyväskylä, presented key finding in the report launch seminar, in Helsinki, on 29 January 2020.
For more information, including the full EPC 2019 report and all five background reports, please see: https://www.talouspolitiikanarviointineuvosto.fi/en/home/
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Presentation by Wendy Edelberg, CBO’s Assistant Director for Macroeconomic Analysis, and Teri Gullo, CBO's Assistant Director for Budget Analysis, at the Center on Budget and Policy Priorities.
Subnational Debt: the Case of the Russian Federation: John Litwack, Lead Econ...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Presentation by Megan Carroll, an analyst for CBO’s Budget Analysis Division, at the Department of Commerce Resource Management Conference.
Since 1975, CBO has produced nonpartisan analyses of budgetary and economic issues to support the Congressional budget process. Each year, the agency’s economists and budget analysts produce dozens of reports and hundreds of cost estimates for proposed legislation. This presentation makes key points related to CBO’s cost estimates for proposed legislation and how they relate to budget enforcement procedures.
Finland's Economic Policy Council published their annual report in January 29, 2020. In the report, the Council evaluates the government’s fiscal policy and its employment-promoting policies. As in the previous reports, in addition to fiscal policy, the Council concentrates on fiscal sustainability and on the connections between social security and employment.
One of the background reports of 2019 deals with the Risks of the Finnish Government Guarantee System. Government Counsellor Kari Parkkonen from the Ministry of Economic Affairs and Employment gave his comments in the report launch seminar, in Helsinki, on 29 January 2020.
For more information, including the full EPC 2019 report as well as all five background reports, please see: https://www.talouspolitiikanarviointineuvosto.fi/en/home/
Lessons for Borrowing Policy and Subnational Risks Management - Lessons from ...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Presentation by Wendy Edelberg, an Associate Director for Economic Analysis at CBO, at the National Bureau of Economic Research conference, Economics of Infrastructure Investment.
Federal investment in physical capital, education, and research and development boosts private-sector productivity gradually, CBO estimates. The overall macroeconomic and budgetary effects of federal investment depend on how that spending is financed.
Xelatex merupaka perluasan dari LaTeX yang mendukung berbagai jenis font yaitu .otf dan .ttf dan juga mendukung unicode sehingga mendukung berbagai jenis bahasa
Protein sequence classification in data mining– a studyZac Darcy
Since the computerized applications are used all around the world, there occurs the c
ollection of a vast
amount of data
. The important information hidden in vast data is attracting the researchers of multiple
disciplines to make study in developing effective approaches to derive the hidden knowledge within them.
Data mining
may be
considered
to be
the process of extracting
or mining
the useful
and valuable
knowledge from large amounts of data. There
are various different domains in data mining such as text
mining, image mining, sequential pattern
mining, web mining and etc. Among these, sequence mining is
one of the most im
portant research area
which helps to finding the sequential relationships found in the
data.
Sequence mining is applied in
wide range of application
areas such as the analysis of customer
purchase patterns, web access patterns, weather
observations, protei
n sequencing, DNA sequencing, etc. In
protein and DNA analysis, sequence mining
techniques are used for sequence alignment, sequence
searching and sequence classification. In
the area of
protein
sequence analysis, the researchers are
showing their interest
in the field of protein sequence
classification. It has the
ability to discover the
recurring structures that exist in
the
protein
sequences. This paper explains various techniques used by
different researchers in classifying the proteins and also provide
s an overview of different protein sequence
classification methods
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No hay dos pacientes iguales. Y por eso mismo, tampoco hay dos sesiones de terapia idénticas. La sistemática sirve para guiarnos, para prevenirnos de la dispersión cuando estamos inmersos en el mundo del inconsciente, de lo no verbal, de lo corporal, de la relación entre dos personas que se encuentran con un objetivo determinado. Pero no se trata de un acto mecánico en el que dos máquinas se conectan para decir lo que hay que hacer y conseguir. La cosa es más compleja y también más interesante para las dos personas.
Medium-Term Budgetary Framework in France - François Monier, FranceOECD Governance
This presentation was made by François Monier, Haut Conseil des Finances Publiques, at the 8th meeting of Parliamentary Budget Officials and Independent Fiscal Institutions held in Paris on 11-12 April 2016.
2017 European Semester: Assessment of progress on structural reforms, prevention and correction of macroeconomic embalances, and results of in-depth reviews under Regulation (EU) No 1176/2011
Fiscal Rules and Debt Restructuring: The European Union Experience - Country ...World Bank Publications
Dr. Christoph Ungerer & Dr. Lili Liu, Macroeconomics & Fiscal Management (MFM) Global Practice, Governance Global Practice, Equitable Growth, World Bank.
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Future evolution of the EU's fiscal framework - Mateusz Szczurek, European Fi...OECD Governance
This presentation was made by Mateusz Szczurek, European Fiscal Board, at the 11th Meeting of OECD PBO & IFIs held in Lisbon, Portugal, on 4-5 February 2019
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
This presentation was made by Eftichia Gratsia & Nektaria Papatzanaki, Greece, at the 40th OECD Senior Budget Officials (SBO) meeting held in Tallinn, Estonia, on 5-6 June 2019
Assessing the fiscal sustainability of health and long-term care: the EU meth...OECD Governance
This presentation was made by Christoph Schwierz, European Commission, at the 4th meeting of the Joint DELSA/GOV-SBO Network on Fiscal Sustainability of Health Systems, held in Paris on 16-17 February 2015.
2017 European Semester: Assessment of progress on structural reforms, prevention and correction of macroeconomic imbalances, and results of in-depth reviews under Regulation (EU) No 1176/2011
Evolving of PFM for economic policy - game of tools and rules (focus on Slove...OECD Governance
This presentation was made by Irena Rostan, Slovenia, at the 12th Annual Meeting of OECD-CESEE Senior Budget Officials held in Ljubljana, Slovenia, on 28-29 June 2016
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Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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What might I learn?
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Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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[Note: This is a partial preview. To download this presentation, visit:
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
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2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
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4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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Main principles of Fiscal policy in Latvia
1. Macroeconomic and Fiscal
Developments in Latvia
• Fitch Ratings meeting with MoF
• Riga, 22 November, 2011
1
Main Principles of Fiscal
Policy in Latvia
Nils Sakss
Director of Fiscal Policy
Department
Conference „Perspectives of the Fiscal Policy in
Latvia and the EU”
June 6, 2013
Maritim Park Hotel Riga
2. Content
• Achievements towards budget balancing
• Fiscal discipline in legislation
• Long term sustainability of Public Finances
2
4. Fiscal consolidation
4
In total during the time period from 2008 until 2012 the fiscal consolidation measures
have been performed with fiscal impact of 16.9% of GDP, from which approximately
6.7% of GDP are measures taken on the revenue side, while measures on the
expenditure side in total constitute approximately 10.2% of GDP).
On average during the year in the time period from 2008 until 2012 Latvia has
performed the fiscal consolidation measures in the amount of 3.4% of GDP.
5. Post – crises challenges
5
Fiscal consolidation affected also the amount and quality of public
services provided by the State. Insufficiency of funding has accumulated
problems that currently have become urgent and not solving of which may
further create irreversible processes, for example, deterioration of roads.
Therefore the years 2013- 2016 are marked as an post-crisis period,
during which the State shall restore adequate funding for the
implementation of the States’ functions, completely respecting the
conditions of the fiscal discipline.
This period has been already marked in 2012, which is characterized by
considerable increase in revenue in the State budget, providing an
opportunity to improve the fiscal position better than it was planned and
increase expenditure, making amendments to the budget of 2012.
7. Headline and Structural balance
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In 2012 Latvia has reached
its medium term structural
balance (MTO),
-0,5% of GDP
8. Headline and Structural balance
8
Because of restoration of
contributions in 2nd pension
pillar in further years
deviations from MTO has
been planned in accordance
to SGP.
10. Fiscal discipline in legislation
• 31.05.2012 Latvia ratified EU Fiscal Compact.
• 06.03.2013 Fiscal Discipline Law entered into force.
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11. Main elements of Fiscal Discipline Law
• Numerical Fiscal Rules;
• Fiscal Risks;
• Fiscal Council.
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12. 3 Numerical Fiscal Rules
12
Balance rule
Expenditure
growth rule
Expenditure
ceiling
=
Cyclical
part +
Structural
balance +
One-off
measures
Expenditure growth ( net GDP deflator): not more than the average
potential GDP growth.
Fixed in MTBFL for each of next 3 years. Operational tool for preparation
of Budget Law ( stabilization, equalization, exceptions).
13. Main characteristics of FDL
• Structural deficit not higher than 0,5% GDP.
• Specific convergence rule towards MTO (0,5% adjustment path);
• Automatic correction mechanism: (based on Swiss debt break
rules) notional account registering deviations of actual structural
balance (+/-) from its panned targets. If cumulative deviation is
negative and higher than 0,5%, correction is triggered
automatically by improving structural balance in next MTBF by
extra 0,5% until deviation is fully compensated.
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14. Output Gap– shaky cornerstone of Fiscal
Policy?
14
Output gap, as % of potential GDP, vintages of European Commission calculations
-0,8 -1,2 -1,5 -1,2 -0,6 -0,1
0,2 0,7 1,0 1,3
-15
-10
-5
0
5
10
15
20
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Last revision 2010_S 2010_A 2011_S 2011_A 2012_S 2012_A 2013_W 2013_S
Note on abbreviations – W/S/A stand for winter, spring and autumn forecasting rounds of European Commission
Every recalculation of output gap
brings considerable uncertainty to fiscal
policy planning; example of Latvia –
ECs’ view on output gap dramatically
changes before and after convergence
programme
15. Escape clauses
1. Natural catastrophes, disasters and other material losses caused
by natural or social processes. (>0,1% GDP);
2. In case of thret to national security according to article 62 of
Latvian Constitution;
3. In case of severe economic downturn (recession).
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16. Fiscal risk management
• Fiscal risk management:
– Regular identification, disclosure and mitigation;
– Declaration of fiscal risks annexed to MTBFL;
– Fiscal safety reserve: ( expenditure ceiling in MTBFL –
expenditure in Budget Law) depending of fiscal risks, at least
0,1% of GDP.
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17. Fiscal Council
• Fiscal Council: main task - monitoring implementation of fiscal
rules.
No direct mandate for independent macroeconomic forecasts, (in meaning of producing
or endorsing macroeconomic forecasts), however will provide its opinion, which is not
binding.
– issuing annual report and irregularity reports;
– Government response: comply or explain;
– 6 members;
– independence safeguards (removal from office, financing).
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