Latvia recorded a government budget deficit of 221003 EUR Thousand in July of 2026. Government Budget Value in Latvia averaged -45839.46 EUR Thousand from 2003 until 2026, reaching an all time high of 446990.00 EUR Thousand in February of 2026 and a record low of -1157739.00 EUR Thousand in December of 2023. source: Treasury of the Republic of Latvia

Related	Last	Previous	Unit	Reference
Asylum Applications	350.00	240.00	persons	Jun 2026
Credit Rating	72.00			Aug 2026
Fiscal Expenditure	1864757.00	1891391.00	EUR Thousand	Jul 2026
Government Budget	-2.50	-1.80	percent of GDP	Dec 2025
Government Budget Value	-221003.00	72226.00	EUR Thousand	Jul 2026
Government Debt	20435.80	20173.90	EUR Million	Mar 2026
Government Debt to GDP	46.90	46.20	percent of GDP	Dec 2025
Government Revenues	1643753.00	1963616.00	EUR Thousand	Jul 2026
Government Spending	1539050.00	1960614.00	EUR Thousand	Mar 2026
Government Spending to GDP	46.10	45.30	percent of GDP	Dec 2025
Holidays
Military Expenditure	1731.60	1440.60	USD Million	Dec 2025

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.