Latvia - Government Budget Balance





Latvia: Government Budget Balance

Mnemonic GVBAL.ILVA
Unit Mil. EUR, NSA
Adjustments Not Seasonally Adjusted
Quarterly 23330.36 %
Data 2018 Q4 -780.54
2018 Q3 3.36

Series Information

Source Central Statistical Bureau of Latvia
Release General Government Finance
Frequency Quarterly
Start Date 3/31/1999
End Date 12/31/2018

Latvia: Government

Reference Last Previous Units Frequency
Government Budget Balance 2018 Q4 -780.54 3.36 Mil. EUR, NSA Quarterly
Government Expenditures 2018 Q4 3,536 2,674 Mil. EUR, NSA Quarterly
Government Revenues 2018 Q4 2,756 2,677 Mil. EUR, NSA Quarterly
Gross External Debt 2018 Q3 7,802,224,000 7,454,125,200 USD, NSA Quarterly
Outstanding Public Debt - Domestic 2018 Q3 38,214,691,200 36,962,854,800 USD, NSA Quarterly
Outstanding Public Debt - Foreign 2018 Q3 3,743,678,400 4,502,319,600 USD, NSA Quarterly

Release Information

General (central plus local) government detailed finance indicators (revenues, expenditures, budget balance), in local currency, quarterly from 1995.

According to the European System of Accounts (ESA10) the general government sector includes central and local government budgetary institutions, the social security fund and enterprises controlled and financed by central and local governments and selected in compliance with ESA10 criteria on the formation of the central government sector.

Deficit (-)/surplus (+) shows general government (the sub-sectors of the central government, local government and the social security fund) net borrowing or net lending. This is the net result of the use of resources that are available to the general government and that are calculated on the basis of ESA10 methodology.

General government revenues consist of taxes on production and imports, current taxes on income and other taxes as well as of the actual and imputed social contributions.

General government debt – central government structure, local government structure, as well as social security structure (according to classification of institutional sectors) received and unrequited gross debt in its nominal value at the end of the reference period in following categories of financial instruments: deposits, securities other than shares (except financial derivatives) and loans.

General government deficit and debt notification is a report submitted by the member countries of the European Union to the European Commission on the surplus or deficit of government finances and on government debt.

The main sources of statistical data on general government finances are the annual report of the Ministry of Finance on the execution of the central and local government budgets and information from the statistical surveys on the activity of central and local government-controlled enterprises. According to the classification of institutional sectors in compliance with the European System of Accounts ESA10, the general government sector includes all central and local government budgetary institutions, the social security fund and the central and local government-financed and controlled enterprises selected in compliance with ESA10 criteria on government sector formation.

Published data are subject to revisions.