LATVIAN BUDGET DEFICIT SEEN RISING BY $90 MILLION.

Latvia’sgovernment budget deficit will rise from 40 to 90 million latsas a result of the government’s commitment to repay depositorsat failed banks, BNS reported August 17. The Latvian cabinet isseeking to prevent the situation from getting even worse by orderingall departments to cut their budgets by 5 percent.

Belarusian Transit Tax Backfires.