# Latvian government fiscal and budget planning > Live situation record from CLSTR: https://clstr.news/situations/latvian-government-fiscal-and-budget-planning > Updated: 2026-10-09T11:44:35.000Z. Sources: 3. Developments: 2. The Latvian coalition government has initiated a period of intensive budget planning and fiscal review. Prime Minister Andris Kulbergs announced that the Cabinet of Ministers would evaluate economic reports from the Bank of Latvia to determine financial scenarios for the incoming government. Internal debate has emerged regarding the deficit, which Economy Minister Viktors Valainis noted stands at approximately 400 million euros. Amidst these fiscal discussions, specific sector needs have been identified. The Ministry of Health has proposed a requirement for an additional 3 million euros annually starting in 2029 to maintain reserves of critical medicines and medical devices. This proposal, alongside a broader request for 826 million euros to meet various healthcare priorities, is expected to be evaluated during the ongoing state budget preparation process. ## Timeline ### 2026-10-09: Latvia Ministry of Health requires extra 3 million euros annually for medicine reserves from 2029 Latvia's Ministry of Health will need an extra 3 million euros annually from 2029 to maintain critical medicine and medical device reserves, according to a draft government protocol. 2 sources. https://clstr.news/cluster/latvia-ministry-of-health-requires-extra-3-million-euros-annually-for-medicine-reserves-from-2029 ### 2026-09-21: Latvian government prioritizes budget planning and fiscal solutions The Latvian government is prioritizing budget planning and fiscal solutions, aiming to address a 400 million euro deficit and provide financial clarity before upcoming elections. 2 sources. https://clstr.news/cluster/latvian-government-prioritizes-budget-planning-and-fiscal-solutions --- Cite as: Latvian government fiscal and budget planning. CLSTR, https://clstr.news/situations/latvian-government-fiscal-and-budget-planning