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Friday, 26.04.2024, 21:12
Latvian national debt reduces to 32% of GDP in Q1
BC, Riga, 26.05.2015.
Print version
Print versionLatvia's national debt at the end of the first quarter of 2015 was at EUR 8.2 billion, or about 32% of the gross domestic product (GDP), which is EUR 806.4 million less than at the end of 2014, according to the Finance Ministry's informative report on economic growth and implementation of national budget in the first quarter, cites LETA.
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The ministry will present the report to the government today.
Domestic debt (at nominal value) at the end of 2014 was EUR 1.38 billion, at the end of the first quarter of 2015 – EUR 1.52 billion, which is a EUR 137.6 million increase over three months.
Meanwhile, external debt (at nominal value) at the end of 2014 was EUR 7.63 billion, but at the end of the first quarter of 2015 – EUR 6.68 billion – a EUR 944 million reduction over three months.
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