Latvian central bank tells govt to cut deficit

LATVIA - The Latvian central bank said on Apr 11 that the government should use an expected economic expansion to cut the 2001 budget deficit, instead of amending its spending plans which will increase the gap between revenue and expenditure.

Central bank head Einars Repse told a news conference the government's plans to amend the 2001 budget would increase the fiscal deficit to 2.2 percent of gross domestic product from 1.75 percent planned earlier.

Latvia's 2000 fiscal deficit stood at a

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