Government Budget Value in Latvia increased to 133551709 EUR Million in November from -93516418 EUR Million in October of 2019. Government Budget Value in Latvia averaged 59554.74 EUR Million from 2003 until 2019, 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.

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 35857.17 in 12 months time. In the long-term, the Latvia Government Budget Value is projected to trend around 35777.02 EUR Million in 2020, according to our econometric models.

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Latvia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
133551709.00 -93516418.00 265296344.00 -424470810.00 2003 - 2019 EUR Million Monthly
Current Prices, NSA


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.

Latvia Government Last Previous Highest Lowest Unit
Government Debt to GDP 35.90 40.00 47.30 8.00 percent [+]
Government Budget -1.00 -0.60 1.40 -9.50 percent of GDP [+]
Government Budget Value 133551709.00 -93516418.00 265296344.00 -424470810.00 EUR Million [+]
Government Spending 1146164.00 1312494.00 1424199.00 604350.00 EUR Thousand [+]
Government Spending to GDP 38.50 37.80 45.40 24.70 percent [+]
Government Revenues 924417.00 1086941.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 10993.06 11151.48 11151.48 811.71 EUR Million [+]
Fiscal Expenditure 1063578.00 1164556.00 1575709.00 226009.00 EUR Thousand [+]
Military Expenditure 629.00 509.00 629.00 72.60 USD Million [+]
Credit Rating 71.00 [+]
Asylum Applications 25.00 15.00 70.00 0.00 persons [+]