The Latvian government will need to borrow EUR 3.8bn on international financial markets in 2026 and EUR 4.3bn in 2027, according to Janis Rozenbergs, deputy manager of the State Treasury, LETA reports. He told the budget and finance committee of the Latvian parliament, the Saeima, that the government needed around EUR 2bn per year to repay earlier debt, while the remaining funds would cover the state budget deficit and provide a cash reserve. Rozenbergs noted that debt servicing costs continued to increase. The State Treasury has fulfilled 90% of the EUR 3.6bn borrowing plan for 2025. Latvia’s government debt is projected to reach EUR 20.5bn, or 49% of GDP, by the end of 2025.
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