Latvia’s general government deficit totalled EUR 849.6mn in 2024, according to the methodology of the European System of Accounts (ESA 2010), the Ministry of Finance announced, LETA reports. The deficit amounted to 2.1% of GDP, which was 0.3 percentage points lower than in 2023. The general government debt totalled EUR 19bn at the end of 2024, which was EUR 1.5bn more than a year earlier. The debt was equal to 47.7% of GDP. Official data on the general government deficit and debt in 2024 will be available in April 2025.
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