Budget, Financial Services, Latvia, Taxation

Current debts (delinquent debts on which interest is charged) constituted LVL 551.13 million, cancelled debts (with the SRS no longer calculating interest) – LVL 404.5 million. The SRS also granted repayment extensions to LVL 62.6 million worth of debts, writes LETA.

Of the total amount of current debts (LVL 551.13 million), debts to the state budget comprised LVL 336.52 million, to local government budgets – LVL 139.93 million, and unpaid social insurance contributions – LVL 74.69 million.

Of the total amount of cancelled debts (LVL 404.5 million), insolvent companies' debts stood at LVL 403.93 million.

Repayment extensions were granted to LVL 43.06 million worth of debts to the state budget, LVL 6.12 million debts to local government budgets and unpaid social contributions worth LVL 13.42 million.