Latvia Government Budget

Latvia recorded a Government Budget deficit equal to 1.20 percent of the countrys Gross Domestic Product in 2012. Government Budget in Latvia is reported by the Eurostat. From 1995 until 2012, Latvia Government Budget averaged -2.3 Percent of GDP reaching an all time high of 1.5 Percent of GDP in December of 1997 and a record low of -9.8 Percent of GDP in December of 2009. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Latvia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.30 -3.60 1.50 -9.80 -2.00 | 2013/12 1995 - 2012 Percent of GDP Yearly

TO

Latvia Government Budget
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Budget -1.30 2012-12-31 -3.60 1.50 -9.80 -2.00 2013-12-31 Percent of GDP [+]
Government Budget Value -21.50 2014-02-15 91.30 204.10 -362.70 21.26 2014-03-31 LVL Million [+]
Government Spending 1024905.00 2013-11-15 805366.00 1024905.00 192.58 1319659.84 2014-03-31 LVL Million [+]
Government Debt To GDP 40.70 2012-12-31 41.90 44.40 9.00 41.50 2013-12-31 Percent [+]
Credit Rating 55.41 [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Latvia Employed Persons at 900.00 Thousand  
The number of employed persons in Latvia decreased to 900 Thousand in the fourth quarter of 2013 from 906 Thousand in the third quarter of 2013. Employed Persons in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Exports at 797.10 EUR Million  
Exports in Latvia increased to 797.10 EUR Million in February of 2014 from 738.40 EUR Million in January of 2014. Exports in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Export Prices at 117.20 Index Points  
Export Prices in Latvia remained unchanged at 117.20 Index Points in the fourth quarter of 2013 from 117.20 Index Points in the third quarter of 2013. Export Prices in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia GDP Constant Prices at 5654522.00 LVL THO  
GDP Constant Prices in Latvia increased to 5654522 LVL THO in the fourth quarter of 2013 from 5470765 LVL THO in the third quarter of 2013. GDP Constant Prices in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia GDP Deflator at 1.12 Index Points  
GDP Deflator in Latvia remained unchanged at 1.12 Index Points in the fourth quarter of 2013 from 1.12 Index Points in the third quarter of 2013. GDP Deflator in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Government Budget Value at -21.50 LVL Million  
Latvia recorded a government budget deficit of 21.50 LVL Million in February of 2014. Government Budget Value in Latvia is reported by the Treasury of the Republic of Latvia.
Latvia Government Spending at 1024905.00 LVL Million  
Government Spending in Latvia increased to 1024905 LVL Million in the fourth quarter of 2013 from 805366 LVL Million in the third quarter of 2013. Government Spending in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Gross Fixed Capital Formation at 1230335.00 LVL THO  
Gross Fixed Capital Formation in Latvia decreased to 1230335 LVL THO in the fourth quarter of 2013 from 1346304 LVL THO in the third quarter of 2013. Gross Fixed Capital Formation in Latvia is reported by the Central Statistical Bureau Of Latvia.
Latvia Gross National Product at 6316.00 LVL Million  
Gross National Product in Latvia increased to 6316 LVL Million in the fourth quarter of 2013 from 6013 LVL Million in the third quarter of 2013. Gross National Product in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Harmonised Consumer Prices at 147.28 Index Points  
Harmonised Consumer Prices in Latvia decreased to 147.28 Index Points in February of 2014 from 147.30 Index Points in January of 2014. Harmonised Consumer Prices in Latvia is reported by the Eurostat.
MORE RELATED NEWS

LATEST NEWS

Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
US Housing Starts Rise Below Forecasts  
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but down 5.9 percent year-on-year.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News