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President: cooperation of authorities has decisive role to combat grey economy

Ilze Cīrule and Raimonds Vējonis/president.lv.
Successful cooperation between authorities and different industries plays a decisive role in effective combating of the grey economy. This is why State Revenue Service’s (SRS) launched cooperation with several industries to help reduce signs of corruption is more than welcome, said Latvia’s President Raimonds Vējonis during his meeting with the chief of SRS Ilze Cīrule.

It should be said that during the meeting Cīrule informed the president about accomplishments made in 2017, as well as planned measures for 2018. She emphasized that the scale of the grey economy presence in the country declined in Latvia last year in comparison with other Baltic States, reaching 21.3% (23.8% in Lithuania and 24.6% in Estonia) of GDP, according to the State President’s Chancellery.

The president said: «Many important decisions were made by the government in 2017, including the tax reform. The goal for SRS and its realized measures are aimed at increasing state budget income and making it a more customer-oriented and modern institution. This will help create conditions to divert additional budget funds towards resolving important public services, such as healthcare.»


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