Latvia's state budget deficit at 7.3% of GDP in 2021
Image by Shutterstock.com
In 2021, general government budget deficit accounted for EUR 2.4 billion, or 7.3% of the gross domestic product (GDP) and general government consolidated gross debt amounted to EUR 14.7 billion or 44.8 % of the GDP, reported news agency BNN.
Under the impact of COVID-19 pandemic in 2021 general government expenditure, compared to 2020, rose by 16% and reached EUR 14.8 billion, of which EUR 2.1 billion were expenditure on COVID-19 support measures for the national economy.
Revenues increased by 8.2% and reached EUR 12.4 billion, according to provisional results compiled by the statistics office.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.