Businessman suspects that politicians will raise the issue of pension savings 0

Our Latvia
TV3
Businessman suspects that politicians will raise the issue of pension savings

Before the elections to the Saeima next year, “we will still see some tricks,” predicted the president of the Confederation of Employers Andris Bite in the podcast “Piķis un ģēvelis!” on the channel “tv3.lv.”

“I have this internal feeling. There are rumors. […] I think that pre-election populism will continue. There are strong suspicions that next year, before the elections, they might start talking about releasing funds from the second pension level, as was the case in Lithuania and Estonia,” said Bite.

In such a scenario, according to the entrepreneur, “tax increases become a reality.”

He noted that the Confederation of Employers has not yet officially formulated a position on the issue of the second pension level; however, the organization generally opposes such an idea and considers it a “populist and ill-considered solution.”

Redaction BB.LV
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