Saeima commission backs eastern territories development fund; Finance Ministry opposes
The Saeima's State Administration and Local Government Commission has supported a bill to create a special fund for Latvia's eastern border region development, but the Finance Ministry is against it. The fund would require approximately 50 million euros annually.
On Wednesday, July 15, the Saeima's State Administration and Local Government Commission reviewed a proposal to establish a special fund for the development of Latvia's eastern territories. The draft law envisages creating a fund to finance projects in entrepreneurship, infrastructure, and security. Preliminary estimates indicate that the fund would require about 50 million euros per year.
The commission decided to forward the bill to the Saeima for first reading. However, opposition has emerged: the Finance Ministry objects to the creation of the fund. The specific reasons for the objection were not disclosed in the source. The question of whether a special fund can help strengthen Latvia's eastern border region remains at the center of political debate.
/nginx/o/2026/01/21/17397855t1he017.jpg)
/nginx/o/2026/07/15/17785638t1hb376.jpg)
