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Wednesday 21.02.2018 | Name days: Eleonora, Ariadne
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Latvian debt surges 786 million lats in 2010

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

In 2010, the total government and local government debt rose by 785.92 million or 18.3% and comprised 5.08 billion lats at the end of the year, according to the information compiled by the State Treasury.

In late December, Latvia’s domestic debt accounted for 796.05 million lats, and since the beginning of the year it has decreased by 111.9 million lats. While the external debt formed 4.146 billion lats at the end of December, and since early 2010 it has increased by 885.2 million lats. Latvia’s total external debt is comprised by debt in foreign currency.

Last year, the government debt comprised 4.94 billion lats, and since early 2010 it has increased by 773.3 million lats, while in late December the local government debt formed 534.9 million lats, and since the beginning of the year this number is up 39.5 million lats.

The State Treasury official information also shows in December 2010 the general government consolidated budget revenues constituted 413.5 million lats, expenditure – 776.1 million lats, while the financial deficit formed 362.7 million lats.

While overall in 2010, the general government consolidated budget revenues amounted to 4.607 billion lats, expenditure – 5.409 billion lats, the financial deficit – 802.7 million lats.

In December 2010, the state general budget revenues were 213.6 million lats, expenditure – 601.8 million lats, but the financial deficit accounted for 388.2 million lats. Over the twelve months of 2010, the state general budget revenues comprised 2.622 billion lats, expenditure – 3.198 billion lats, thus creating a financial deficit of 576 million lats.

Furthermore, the state special budget revenues (excluding grants and donations) were 113.4 million lats, expenditure – 123 million, fiscal deficit – 9.5 million. Last year, during the twelve months, the special budget revenues totalled 1.178 billion lats, expenditure – 1.514 billion lats; thus, creating a financial deficit of 335.8 million lats.

Overall in 2010, the state consolidated budget revenues (excluding grants, donations and derived public persons) accounted for 3.778 billion lats, expenditure – 4.69 billion lats, forming a financial deficit of 911.7 million lats.

In December 2010 the local government consolidated budget revenues were 189.2 million lats, expenditure – 173.2 million, but the financial surplus – 16 million lats.

Last year, the local government consolidated budget revenues comprised 1.316 billion lats, expenditure – 1.264 billion lats, resulting in a financial surplus of 52.5 million lats


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