Government net lending/borrowing in Latvia

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: -3.3% 2027: -3.9% 2028: -3.7% 2029: -3.7% 2030: -3.9% 2031: -4.0%

-3.5 (1999) ANUAL · % of GDP · Annual · CSV

Period	% of GDP
Jan 1999	-3.5
Jan 1998	-0.7

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.

What it is

Measures the deficit or surplus of Latvia's general government: a deficit occurs when spending exceeds revenue over the year. It is compiled by the Central Statistical Bureau (CSB) and Eurostat, and is expressed as a share of GDP.

How it's calculated

Calculated as general government net lending or borrowing under the European System of Accounts (ESA 2010), on an accrual basis, and set against GDP to obtain the ratio.

Market implications

As a euro-area member, Latvia is bound by the EU fiscal rules and the 3%-of-GDP reference value. A wide deficit affects public debt, the risk premium and rating-agency assessments; the monetary framework is set by the ECB.

Limitations

It is a low-frequency, revisable figure. The headline balance should be distinguished from the primary balance (excluding interest) and the cyclical component; EU funds and one-off measures can distort the year-to-year reading.