Decision 2022/2283 - Amendment of Implementing Decision (EU) 2020/1351 granting temporary support to Latvia to mitigate unemployment risks following the COVID-19 outbreak - Main contents
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Council Implementing Decision (EU) 2022/2283 of 21 November 2022 amending Implementing Decision (EU) 2020/1351 granting temporary support under Regulation (EU) 2020/672 to the Republic of Latvia to mitigate unemployment risks in the emergency following the COVID-19 outbreak| Legal instrument | Decision |
|---|---|
| Number legal act | Decision 2022/2283 |
| Regdoc number | ST(2022)13941 |
| Original proposal | COM(2022)562  |
| CELEX number i | 32022D2283 |
| Document | 21-11-2022; Date of adoption |
|---|---|
| Publication in Official Journal | 22-11-2022; OJ L 301 p. 119-124 |
| Effect | 22-11-2022; Takes effect Date notif. See Art 2 |
| End of validity | 31-12-9999 |
| Notification | 22-11-2022 |
22.11.2022 |
EN |
Official Journal of the European Union |
L 301/119 |
COUNCIL IMPLEMENTING DECISION (EU) 2022/2283
of 21 November 2022
amending Implementing Decision (EU) 2020/1351 granting temporary support under Regulation (EU) 2020/672 to the Republic of Latvia to mitigate unemployment risks in the emergency following the COVID-19 outbreak
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Council Regulation (EU) 2020/672 of 19 May 2020 on the establishment of a European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) following the COVID-19 outbreak (1), and in particular Article 6(1) thereof,
Having regard to the proposal from the European Commission,
Whereas:
(1) |
Further to a request from Latvia on 7 August 2020, the Council, by means of Implementing Decision (EU) 2020/1351 (2), granted financial assistance to Latvia in the form of a loan amounting to a maximum of EUR 192 700 000 with a maximum average maturity of 15 years, and with an availability period of 18 months, with a view to complementing Latvia’s national efforts to address the impact of the COVID-19 outbreak and respond to the socioeconomic consequences of that outbreak for workers and the self-employed. |
(2) |
The loan was to be used by Latvia to finance the short-time work schemes, similar measures and health-related measures, as referred to in Article 3 of Implementing Decision (EU) 2020/1351. |
(3) |
Further to a second request from Latvia on 11 March 2021, the Council, by means of Implementing Decision (EU) 2021/677 (3) amending Implementing Decision (EU) 2020/1351, granted additional financial assistance of EUR 112 500 000 to Latvia by increasing the maximum loan amount to EUR 305 200 000 with a maximum average maturity of 15 years, and with an availability period of 18 months, with a view to complementing Latvia’s national efforts to address the impact of the COVID-19 outbreak and respond to the socioeconomic consequences of that outbreak for workers and the self-employed. |
(4) |
The additional loan was to be used by Latvia to finance the short-time work schemes, similar measures and health-related measures, as referred to in Article 3 of Implementing Decision (EU) 2020/1351. |
(5) |
The COVID-19 outbreak has immobilised a substantial part of the labour force in Latvia. This has led to repeated sudden and severe increases in public expenditure in Latvia in respect of the measures referred to in Article 3, points (a), (c), (d), (g), (h), (f) and (i), of Implementing Decision (EU) 2020/1351. |
(6) |
The COVID-19 outbreak and the extraordinary measures implemented by Latvia in 2020, 2021 and 2022 to contain that outbreak and its socioeconomic and health-related impact had and are still having a dramatic impact on public finances. In 2020, Latvia had a general government deficit and debt of 4,5 % and 43,3 % of the gross domestic product (GDP) respectively, which widened to 7,3 % and 44,8 % respectively at the end of 2021. According to the Commission’s 2022 spring forecast, Latvia is expected to have a general government deficit and debt of 7,2 % and 47,0 % of the GDP respectively by the end of 2022. According to the Commission’s 2022 summer interim forecast, Latvia’s GDP is projected to increase by 3,9 % in 2022. |
(7) |
On 6 October 2022 Latvia requested further financial assistance from the Union to the amount of EUR 167 607 000 with a view to continuing to complement its national efforts undertaken in 2020, 2021 and 2022 to address the impact of the COVID-19 outbreak and respond to the socioeconomic consequences of the outbreak for workers and the self-employed. In particular, Latvia further extended or amended the short-time work schemes and similar measures set... |
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