Latvia recorded a government budget deficit of 3849803 EUR Million in August of 2021. source: Treasury of the Republic of Latvia

Government Budget Value in Latvia averaged -10034433.82 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 October of 2021.

Government Budget Value in Latvia is expected to be 35777.02 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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

Latvia Last Unit Reference Previous Highest Lowest
Government Budget Value 140699512.00 EUR Million Sep/21 -3849803.00 265296344.00 -664503770.00
Government Revenues 1256660.00 EUR Thousand Sep/21 1065852.00 1256660.00 228388.00
Fiscal Expenditure 1136200.00 EUR Thousand Sep/21 1057634.00 1796045.00 226009.00

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.