Latvia recorded a government budget surplus of 33166776 EUR Million in May of 2021. source: Treasury of the Republic of Latvia

Government Budget Value in Latvia averaged -11147421.75 EUR Million from 2003 until 2021, reaching an all time high of 265296344 EUR Million in May of 2018 and a record low of -664503770 EUR Million in March of 2021. 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 July of 2021.

Government Budget Value in Latvia is expected to be 35776.92 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 35777.02 in 12 months time. In the long-term, the Latvia Government Budget Value is projected to trend around 35777.02 EUR Million in 2022, according to our econometric models.

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Latvia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-252544202.00 33166776.00 265296344.00 -664503770.00 2003 - 2021 EUR Million Monthly
Current Prices, NSA

Latvia Government Last Previous Highest Lowest Unit
Government Debt to GDP 43.50 37.00 47.90 8.50 percent of GDP [+]
Government Budget -4.50 -0.60 1.40 -9.60 percent of GDP [+]
Government Budget Value -252544202.00 33166776.00 265296344.00 -664503770.00 EUR Million [+]
Government Spending 1136585.00 1478948.00 1478948.00 744659.00 EUR Thousand [+]
Government Spending to GDP 43.60 38.40 46.00 24.70 percent of GDP [+]
Government Revenues 1128291.00 1182648.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 13430.20 12749.90 13430.20 811.71 EUR Million [+]
Fiscal Expenditure 1451597.00 1138891.00 1796045.00 226009.00 EUR Thousand [+]
Credit Rating 73.00 [+]
Military Expenditure 739.00 692.00 739.00 76.30 USD Million [+]
Asylum Applications 5.00 5.00 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.