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Bank of Latvia warns budget deficit might soon become excessively large 2021-02-23 LETA/TBT Staff RIGA - The Bank of Latvia warns that Latvia s budget deficit might soon become too large.  At Tuesday s meeting of the government and the Crisis Management Council, representatives of the Finance Ministry informed about the situation with the budget program Funds for Unforeseen Events and Latvia s macroeconomic situation.  According to the Finance Ministry s forecasts, in 2021, Latvia s general government deficit will grow from the planned EUR 1.2 billion, or 3.9 percent of GDP, to an estimated EUR 2.9 billion, or 9.4 percent of GDP. Commenting on the information provided by the Finance Ministry, Edvards Kusners, an adviser to the Bank of Latvia Council, said that the projected government debt of 50 percent of GDP is acceptable but that the projected budget deficit is too large in the situation where the economy is growing. 

Edvards kusnersCrisis management councilLatvia councilFinance ministryUnforeseen eventsThe baltic timesநெருக்கடி மேலாண்மை சபைலாட்வியா சபைநிதி அமைச்சகம்தி பால்டிக் முறை