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Thursday, 24.04.2014, 12:57
General government budget deficit at the end of 2013 comprised EUR 223.8 million or 1.0% of the Gross Domestic Product (GDP), and the general government debt comprised EUR 8873.3 million or 38.1% of the GDP, according to the results of the April 2014 general government budget deficit and debt notification (1) compiled by Central Statistical Bureau (CSB), which has been elaborated in line with the methodology of European System of Accounts (ESA 95).
Keyword tags: Analytics, Budget, Financial Services, GDP, Latvia, Legislation
Statistics Lithuania informs that in 2013, according to provisional data, the general government deficit totalled LTL 2570.4 million, or 2.15% of GDP. Over the year, the general government deficit decreased by LTL 1 123.6 million. In 2012, this indicator stood at 3.24% of GDP.
On Thursday, by adopting the Law on the Euro Adoption, as well as secondary legislation, the Parliament of Lithuania (Seimas) has established the legal basis to introduce the new currency in Lithuania, reports LETA/ELTA.
Statistics Lithuania informs that, based on provisional data, in 2013, the value added per hour actually worked in the whole economy amounted to, on average, LTL 45.32 at current prices, which is by LTL 1.96 more than in 2012. The gross value added per person employed amounted to LTL 83 447.
Slow economic growth has had a visible impact on the labour market, Estonia's central bank Eesti Pank said in its fresh labour market review on Wednesday, informs LETA.
The Latvian economy could grow 3.8% in 2014, which would be the fastest growth among all eurozone countries, the International Monetary Fund said in an upgraded forecast on Tuesday, cites LETA/AFP. The Estonian economy will grow 2.4%
Swedbank has cut Latvia's economic growth forecast to 3% this year, as the bank's chief economist Lija Strasuna said when presenting the latest Swedbank economic review. Economic growth forecast for Estonia for this year is 1.8%, reports LETA/Nozare.lv.