Valka council delays starting financial stabilization process despite ministry's call

The Valka municipal council in Latvia has been slow to begin a financial stabilization process despite the Finance Ministry urging it in early September to take up the matter at its next council meeting. The situation was reported by Latvian Television's investigative program 'de facto'.

The ministry's call suggests that Valka municipality's financial situation is seen as serious enough to warrant a formal stabilization procedure. According to the program, however, the council has so far held back from making a decision despite the ministry's appeal.

Further details on the specific reasons behind the delay, or on the council's next steps regarding the matter, were not provided in the source report.