Normunds Malnačs
Normunds Malnačs is the secretary of the Fiscal Discipline Council in Latvia, recognized for his expertise in financial management and fiscal policy. He has recently been in the news for discussing Latvia's potential borrowing under the European Union's SAFE financial instrument, emphasizing that the proposed loan amounts, while significant, would represent a manageable portion of the country's GDP over the coming years.
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Latvia:
Normunds Malnačs explained that the increase in defense spending is determined by modern geopolitical factors.
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