International Internet Magazine. Baltic States news & analytics
Monday, 27.04.2015, 10:05
According to provisional data, in 2014, the general government deficit totalled EUR 242.0 million, or 0.7% of gross domestic product (GDP) in Lithuania. Over the year, the general government deficit decreased by EUR 674.9 million (in 2013, this indicator stood at 2.6% of GDP).
Keyword tags: Analytics, Budget, Financial Services, GDP, Latvia
General government budget deficit at the end of 2014 comprised EUR 347 million or 1.4% of the Gross Domestic Product (GDP). The general government consolidated gross debt comprised EUR 9 633.2 million or 40.0 % of the GDP, according to the results of the April 2015 general government budget deficit and debt notification (1) compiled by Central Statistical Bureau (CSB), which has been made in line with the methodology of European System of Accounts (ESA 2010).
Latvia's budget deficit in 2014 was at 1.4% of GDP, which was the second smallest budget deficit in the European Union, according to Eurostat. The smallest budget deficit in the EU last year was registered in Lithuania, writes LETA.
According to the Ministry of Finance, the Estonian state budget collected revenue of 1.91 billion euros in the first three months of the year 2015; this is 22.6% of the total amount planned in the budget, LETA/Postimees Online reports.
2016 fiscal space will be negative – minus 0.2% of gross domestic product (GDP) or EUR 55 million less, Finance Minister Janis Reirs (Unity) said in an interview with LETA.
New system of equalization of municipal finances in Latvia to bring less wealthy municipalities closer to wealthy
Saeima Budget and Finance Committee in Latvia decided today that a bill on equalization of municipal finances would be reviewed as urgent by the parliament, reports LETA.
According to preliminary data of the Lithuanian Ministry of Finance, during the first quarter of this year, revenues of the state budget and municipal budgets were by 0.3% (EUR 5.5 million) larger than planned and by 2.8% (EUR 43.3 million) bigger than a year ago, informs LETA/ELTA.