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The State Audit Office of Latvia has concluded a performance audit of the government approach to curbing the shadow economy. It has concluded that despite the long-term increased government’s attention paid to the shadow economy, the current approach with a separate plan at the centre is not sufficiently effective because the planned and implemented measures are more focused on consequences than causes. Research results are not used sufficiently. The data used for decision-making and communication with the public is not versatile.
The State Audit Office of Latvia calls on the Ministry of Finance to review the current approach, thus reducing bureaucracy and administrative burden and improving the environment for economic activity.
