Rīga to look for budget savings for next year

Ķirsis pointed out that 24 million euros is a significant shortfall for Rīga. Rīga, together with the local authorities in the surrounding area, covers the majority of the fund’s total contributions. For example, this year Rīga was required to contribute around 137 million euros to the fund, or approximately 14 per cent of its personal income tax revenue. The fund’s aim is to reduce socio-economic and revenue disparities between local authorities.

“I very much hope that the next go...