Open AccessFINANCIAL DEVELOPMENT OPPORTUNITIES OF LATVIA’S SOCIAL SYSTEM AGAINST THE BACKDROP OF CRISIS
Author(s) -
Vilnis Ādamsons
Publication year - 2010
Publication title -
latgale national economy research/latgales tautsaimniecības pētījumi
Language(s) - English
Resource type - Journals
eISSN - 2256-0955
pISSN - 1691-5828
DOI - 10.17770/lner2010vol1.2.1769
Subject(s) - latvian , financial crisis , context (archaeology) , social security , state (computer science) , business , government (linguistics) , finance , economic policy , economics , financial system , macroeconomics , market economy , philosophy , linguistics , algorithm , computer science , paleontology , biology
Latvian social system is ahead of serious financial problems. The article analyses causes and beginnings of the crisis, in the context of the 1st budget level of social systems in relation to the national budget, as well as the negative impact of the state budget on the social security budget for the financial future. The government also discussed the measures taken by the social system of financial regulation and their impact on society's social environment. Recommendations have been developed for improvement of the situation.