Latvia recorded a government budget deficit of 85981066 EUR Million in April of 2020.

Government Budget Value in Latvia averaged -2421909.27 EUR Million from 2003 until 2020, reaching an all time high of 265296344 EUR Million in May of 2018 and a record low of -424470810 EUR Million in December of 2018. This page provides - Latvia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Government Budget Value - values, historical data and charts - was last updated on June of 2020.

Government Budget Value in Latvia is expected to be 35857.17 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Latvia to stand at 35776.92 in 12 months time. In the long-term, the Latvia Government Budget Value is projected to trend around 35777.02 EUR Million in 2021, according to our econometric models.

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Latvia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-85981066.00 -127807870.00 265296344.00 -424470810.00 2003 - 2020 EUR Million Monthly
Current Prices, NSA

Latvia Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.90 37.20 48.10 8.50 percent [+]
Government Budget -0.20 -0.80 1.40 -9.60 percent of GDP [+]
Government Budget Value -85981066.00 -127807870.00 265296344.00 -424470810.00 EUR Million [+]
Government Spending 1132216.00 1469463.00 1469463.00 744659.00 EUR Thousand [+]
Government Spending to GDP 38.90 39.50 46.10 24.70 percent [+]
Government Revenues 1091280.00 877873.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 11244.51 11244.04 11391.00 811.71 EUR Million [+]
Fiscal Expenditure 1173902.00 1022166.00 1621177.00 226009.00 EUR Thousand [+]
Credit Rating 73.00 [+]
Military Expenditure 629.00 509.00 629.00 72.60 USD Million [+]
Asylum Applications 10.00 20.00 70.00 0.00 persons [+]


Latvia Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.