Suchergebnisse

The aim of the research is: to evaluate the fiscal policy in Latvia in accordance with the theoretical and practical conclusions of scientific investigations in the world, to determine the main fiscal risks and to find fiscal policy gaps in national government budgeting as well as in the use of funds and to define recommendations for making a sustainable fiscal policy in the country. At present, economic development in the world and Europe, the geopolitical situation, the migration of the population as well as the domestic problems of the development of Latvia pose new challenges to the government's fiscal policy; they create new fiscal risks and problems that require strong fiscal discipline and an efficient fiscal policy. The fact that Latvia did not have fiscal reserve resources for easier survival of the crisis is a severe and painful lesson about the errors in the fiscal policy. New circumstances that have occurred recently have to be taken into account by the policy makers. In order to build an effective fiscal policy, the following has to be found out: the most important factors of impact, whether they are of objective or subjective nature, and what fiscal risks may threaten the performance of individual fiscal indicators, and how big must be the fiscal security reserve.

The choice and topicality of the research topic is based on the fact that upon strengthening of the government's regulating role in economy, the notion of public finances positions itself, and state budget has become an important subject of both economic and political discussions as implementation of fiscal policy is takes place through it. In order to evaluate fiscal policy, it is necessary to evaluate the potential influence of different fiscal policy instruments on social and economic situation in the state. Aim of the research – to evaluate activities of fiscal policy implemented in Latvia in context of certain tax, namely, influence of corporate income tax on state's economic and financial indicators, identifying the main risks and imperfections of fiscal policy when ensuring state's budget. Applying simulation methods in the environment of Matlab/Simulink, the authors analyze and evaluate the influence of fiscal decisions and their implementation on the situation in Latvia, analyzing the most important tendencies in the sphere of corporate income tax payments according to the tax reform commenced in 2018.