Kulbergs wants to achieve the financial situation in the country by 2030 that was present in 2018

Prime Minister Andris Kulbergs (AS) wants to achieve a financial situation in Latvia by 2030 that was present in 2018, which was the last good year.

The Prime Minister announced this at a press conference on Tuesday, stating that in 2018, Latvia's real growth was 4%.

The Prime Minister aims to increase the number of employees to 909,000 by 2030.

This would be 26,000 more employed than in 2025. Kulbergs claimed that if 909,000 people worked in Latvia, the state would receive approximately 290 million euros more in taxes each year.

The Ministry of Finance (FM) expects Latvia's gross domestic product (GDP) to grow by 2.4% this year and by 1.9% next year, the ministry informed the LETA agency.

At the same time, the updated fiscal calculations from the FM indicate that the fiscal space for 2027 will be negative at 117.7 million euros.

According to the State Treasury's forecasts, the general government debt will be 47% of GDP in 2026. In the following years, it will gradually increase and stabilize at around 53% from 2029.