Back
The State Audit Office publishes an investigation report “What challenges do we face in drafting and implementing Latvia’s Recovery and Resilience Plan?” It summarises the facts about the drafting, content and financing of Latvia’s RRP for the implementation of the measures included in the plan, incl. its impact on the state budget, as well as on the risks of the implementation of the plan and control measures. The investigation results show that the implementation of the RRP may have a positive impact on the development of the Latvian economy, but the decision-makers and those involved in the investment planning and implementation process need to address significant risks. The risks assessment was performed by analysing the assessment of the expert group of the Fiscal Discipline Council (FDC) and the Latvian Productivity Council (LPC) on Latvia’s RRP.
Ms Ilze Bādere, Member of the Council of the State Audit Office, stated, “Significant grant of 1.82 billion euros from the Recovery and Resilience Facility is an opportunity to make a significant contribution to the development of the Latvian economy after the COVID-19 pandemic. This opportunity provided by the EU must be used as effectively as possible to address the identified risks in a timely manner that could hinder the successful implementation of the RRF reform and investment plan.”
