CSP: According to EU methodology, Latvia's general government budget deficit was 2.5% of GDP last year

Latvia's general government budget deficit in 2025, calculated according to the European System of Accounts (ESA 2010) methodology, was 1.085 billion euros or 2.5% of gross domestic product (GDP), and compared to 2024, it is 340 million euros higher, according to the results compiled by the Central Statistical Bureau (CSP).

Meanwhile, the consolidated gross debt of the general government was 20.2 billion euros or 46.2% of GDP, and over the year it increased by 1.4 billion euros.

CSP informs that in 2025, general government sector expenditures increased by 7.6% compared to 2024, reaching 19.8 billion euros, while revenues increased by 6% and reached 18.7 billion euros.

In comparison with the cash flow data indicated in the Ministry of Finance's annual report, where the consolidated general budget deficit in 2025 was 1.8 billion euros, the budget deficit calculated by CSP according to the ESA 2010 methodology is 0.7 billion euros or 1.6 percentage points of GDP lower.