Latvia

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Additional revenue for Latvian budget: increasing gambling tax and excise duty for alcohol

The coalition’s budget task forces on August 21st agreed on obtaining additional budget revenue by increasing the gambling tax and excise duty for alcohol, All for Latvia!-For Fatherland and Freedom/LNNK board member Imants Paradnieks told members of the press, reports the Baltic Course.

More detailed discussions are still expected to take place on increasing the excise duty for alcohol, however, the coalition agreed that this will bring in several million euros in additional budget revenue.

Prime Minister Laimdota Straujuma (Unity) said that the additional revenue will be used for free lunches for 5th grade school children, and possibly train tickets discounts for families with at least three children.

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