Latest: Colombia 15:00 Colombian Presidential Election Forecast: 0
Latest: Switzerland 12:00 SNB Gov Board Member Zurbrugg Speaks Forecast: 0
Latest: United Arab Emirates 16:05 GDP (YoY) Forecast: 0 % Actual: -6.1%
Latest: South Africa 16:00 SARB Monetary Policy Review Forecast: 0
Latest: United Kingdom 12:30 Annual Budget Release Forecast: 0

Latvia Government Budget: Revenues and Spending

Latvia Government Budget Data

Indicator Data Period
Government Budget Value -14215982 EUR | -0.015 B USD Aug/23
Government Spending 1525580 EUR Thousand | 1.618 B USD 2Q/23
Government Revenues 1314457 EUR Thousand | 1.395 B USD Aug/23
Government Budget to GDP -4.4 % 2022
Government Spending to GDP 40.2 % 2022


Latest data on Government Budget Value (EUR)

Government Budget Value
                     Latvia - Historical Data (EUR)

How much is Latvia Government Budget?

  • The surplus of government budget in Latvia decreased to 14215982 EUR (0.015 B USD) in August 2023. The maximum surplus was 265296352 EUR and deficit was -664503744 EUR.
  • Data published Monthly by Treasury.

Historical Data (EUR) by years

Data
Period
Date
-14215982 Aug/23 23.09.2023
178052176 Jul/23 19.08.2023
-74676400 Jun/23 22.07.2023
110598176 May/23 17.06.2023
88892872 Apr/23 20.05.2023
-345186240 Mar/23 22.04.2023
-124563376 Feb/23 18.03.2023
127204088 Jan/23 25.02.2023


Historical Chart by presidents (EUR)

Government Budget Value in Latvia by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Raimonds Vējonis 08.07.2015 - -98063.0000 239255.0000 112744584.0000 -250375920.0000 -343.98%


Latest data on Government Spending (EUR Thousand)

Government Spending
                     Latvia - Historical Data (EUR Thousand)

What is current Latvia Government Spending?

  • Government Spending in Latvia increased to 1525580 EUR Thousand (1.618 B USD) in the second quarter of 2023. The maximum volume was 1478948 EUR Thousand and minimum was 744659 EUR Thousand
  • Data published Quarterly by Central Statistical Bureau.

Historical Data (EUR Thousand) by years

Data
Period
Date
1525580 2Q/23 31.08.2023
1227631 1Q/23 01.06.2023
1619961 4Q/22 28.02.2023
1306871 3Q/22 03.12.2022
1471408 2Q/22 03.09.2022
1161178 1Q/22 31.05.2022
1556454 4Q/21 28.02.2022
1230165 3Q/21 18.01.2022


Historical Chart by presidents (EUR Thousand)

Government Spending in Latvia by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Raimonds Vējonis 08.07.2015 - 841721.0000 868734.0000 1119307.0000 841721.0000 3.21%
Guntis Ulmanis 08.07.1993 - 08.07.1999 697090.0000 629932.0000 697090.0000 629932.0000 -9.63%


Latest data on Government Revenues (EUR Thousand)

Government Revenues
                     Latvia - Historical Data (EUR Thousand)

How much is Latvia Government Revenue?

  • Government Revenues in Latvia decreased to 1314457 EUR Thousand (1.395 B USD) in August 2023. The maximum volume was 1230009 EUR Thousand and minimum was 228388 EUR Thousand
  • Data published Monthly by Treasury.

Historical Data (EUR Thousand) by years

Data
Period
Date
1314457 Aug/23 23.09.2023
1542884 Jul/23 19.08.2023
1490711 Jun/23 22.07.2023
1480273 May/23 17.06.2023
1508014 Apr/23 20.05.2023
1019918 Mar/23 22.04.2023
1409070 Feb/23 18.03.2023
1414473 Jan/23 25.02.2023


Historical Chart by presidents (EUR Thousand)

Government Revenues in Latvia by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Raimonds Vējonis 08.07.2015 - 995188.0000 995188.0000 995188.0000 995188.0000 0.00%


Latest data on Government Budget to GDP (%)

Government Budget to GDP
                     Latvia - Historical Data (%)

What is the deficit of Latvia Government Budget?

  • The deficit of Current Account to GDP in Latvia increased to 4.4 % in 2022. The maximum surplus was 1.4 % and deficit was -9.6 %.
  • Data published Yearly by Eurostat.

Historical Data (%) by years

Data
Period
Date
-4.4 2022 21.04.2023
-7 2021 22.04.2022
-4.5 2020 22.04.2021
-0.2 2019 22.04.2020
-1 2018 04.07.2019


Historical Chart by presidents (%)

Government Budget to GDP in Latvia by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Government Spending to GDP (%)

Government Spending to GDP
                     Latvia - Historical Data (%)

What is Latvia government spending ratio to GDP?

  • Government Spending to GDP in Latvia decreased to 40.2 % in 2022. The maximum level was 46 % and minimum was 24.7 %.
  • Data published Yearly by Eurostat.

Historical Data (%) by years

Data
Period
Date
40.2 2022 21.04.2023
44.9 2021 20.07.2022
43.6 2020 17.05.2021
38.9 2019 22.04.2020
38.5 2018 04.07.2019


Historical Chart by presidents (%)

Government Spending to GDP in Latvia by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other budget indicators in Latvia

Index Updated Actual Previous
Government Debt to GDP 2022 40.8 % 43.7
Fiscal Expenditure  Aug/23 1.415 B USD 1.397
Military Expenditure 2022 0.849 B USD 0.823

Government Budget to GDP in other countries

Country Updated Actual Previous
Austria 2022 -3.2 % -5.8
Ireland 2022 1.6 % -1.6
Luxembourg 2022 0.2 % 0.7
Spain 2022 -4.8 % -6.9
Iceland 2022 -4.3 % -8.4
Norway 2022 26 % 10.6
Belarus 2021 -0.3 % -1.3
Belgium 2022 -3.9 % -5.5
Bulgaria 2022 -2.8 % -3.9
Croatia 2022 0.4 % -2.5
Cyprus 2022 2.1 % -2
Czech Republic 2022 -3.2 % -5.1
Denmark 2022 3.3 % 3.6
Estonia 2022 -0.9 % -2.4
Euro Area 2022 -3.6 % -5.3
Finland 2022 -0.9 % -2.8
France 2022 -4.7 % -6.5
Germany 2022 -2.6 % -3.7
Greece 2022 -2.3 % -7.1
Hungary 2022 -6.2 % -7.1
Italy 2022 -8 % -9
Latvia 2022 -4.4 % -7.1
Lithuania 2022 -0.6 % -1.2
Macedonia 2022 -4.1 % -5.4
Malta 2022 -5.8 % -7.8
Moldova 2022 -3.3 % -2.6
Montenegro 2022 -4.6 % -1.7
Netherlands 2022 0 % -2.4
Poland 2022 -3.7 % -1.8
Portugal 2022 -0.4 % -2.9
Romania 2022 -5.8 % -7.1
Russia 2022 -2.3 % 0.8
Serbia 2022 -3.3 % -4.6
Slovakia 2022 -2 % -5.4
Slovenia 2022 -3 % -4.6
Sweden 2022 0.7 % 0
Switzerland 2022 1 % -0.3
Turkey 2022 -0.9 % -2.8
Ukraine 2022 -16.3 % -3.4
United Kingdom 2022 -5.5 % -5.2
Albania 2022 -3.8 % -4.5
Bosnia and Herzegovina 2022 -0.4 % -0.3
Kosovo 2021 -0.9 % -7.6