Portrait of an Ascending Sovereign Credit
.
Reform Policies Laying Foundation for New Growth Model
Structural reforms help strengthening Latvia's growth potential.
Labour Market, Social Policy and Healthcare
Business Environment
access to financing, export
oriented programmes, reduction of
Addressing labour market issues through education and employment SME
policies; decreasing tax burden on labour; activating social benefit
recipients; improving accessibility, quality and efficiency of healthcare
•
Decrease of the tax burden on labour, increase of the untaxed minimum,
etc.
Activation of unemployed through active labour market policy measures
Strengthening vocational education and introduction of the work-based
learning principle
Comprehensive healthcare reform (new healthcare financing model,
increase in remuneration of healthcare personnel, etc.)
administrative burden
.
Support programmes of the Latvian
Investment and Development
ALTUM
Agency and
are being
implemented (business incubators,
credit guarantees, loans, etc.)
Annual Action Plan
Improvement of the Business
Environment is being implemented,
etc.
on
Education, Research and
Innovations
Increasing the quality of education
and research, fostering investments
in R&D and innovations
•
Smart Specialization Strategy is being
implemented
Support programmes are being
implemented (support in introduction
of new products, Innovation
Motivation Programme, wider
involvement of SOES in research,
development and innovation activities
is being ensured, support for start-
ups, etc.)
2017 OECD Reform Responsiveness Index, %
Public Administration and Judiciary
Increasing efficiency of public administration, strengthening the
conflict of interest prevention regime, improving tax compliance;
improving the insolvency regime and accountability of insolvency
administrators
•
Public sector reform is being implemented
Whistleblower protection law in force since 1 May 2019
Improvement in the insolvency process and tax compliance is being
observed
Administrative Territorial Reform
20
Bringing together municipalities in more sustainable and economically
stronger units that are able to ensure the performance of autonomous
functions of local governments in comparable quality and accessibility
0
40
60
80
AUS
CAN
OECD
average
The new model is planned to be introduced starting from 2021
Source: 2019 National Reform Programme; European Commission's Country Report Latvia 2019; EU Council's recommendations 2019; OECD Economic Survey on Latvia 2017, 2019
25
TURI
LUX
PRT
ESP
NOR
ANI
JPN
DEU
DNK
LATVIAView entire presentation