The concept of the state fiscal policy is developed by the Ministry of Finance and the Ministry of Economics. The State Revenue Service (hereinafter - SRS) is the administrative body carrying out the fiscal policy in Latvia. Ensuring of tax revenue is the main operational task of the SRS. Based on the consideration that the tax revenue plan for the regions is drafted correctly, i.e. by taking into account the macroeconomic situation in the country and the research contains calculations of the regional budget revenue plan performance indicators which prove that the regional tax revenue planning method is efficient thus efficient tax administration is one of the main factors influencing tax revenue. Considerable part of the research is devoted to the role of the SRS and its operation in order to improve the tax administration efficiency. Polls concerning satisfaction of the SRS clients are carried out for this purpose. By evaluating the poll results it has been stated that by organising seminars for taxpayers the specific character of business in any particular region should be taken into account. It would be useful to organise thematic seminars about applying taxes in specific business areas. In Kurzeme region and Riga it would be efficient to organise seminars on applying of taxes for businesses dealing with international transportation by sea and businesses supplying goods and rendering services for ships which are used for navigation in international waters.

The necessity of the research is to determine by the fact in Latvia there is a strong growth in bank credit to the private sector like in several transition countries in Central and Eastern Europe. Its implications for macroeconomic development and financial stability can be ambiguous. The aim of the research is to find possible scenarios for positive credit (to private sector) growth implications for macroeconomic development and financial stability in Latvia. Attainment of the objective comprises analysis of available statistical data about Latvia, identification of factors affecting bank credit growth following up some recent researches and modelling scenarios how the credit growth could facilitate further economic development in Latvia. This paper presents only recent trends in bank credit to the private sector in Latvia and evaluates some of the factors affecting these trends. It does not provide updated practical models and scenarios because the research has been started only recently.