Latvia: Tax revenue 1.2% short of budget target in Q1/2024

Latvia’s tax revenue totalled EUR 3.325bn in the first quarter of 2024, which was EUR 40.7mn (1.2%) less than planned, according to Finance Ministry data, LETA reports. Tax revenue was EUR 109.2mn (3.4%) higher than in the first quarter of 2023, however. General state budget tax revenues totalled EUR 3.126bn, which was 1.1% short of target. State tax revenue amounted to EUR 2.58bn (2.5% short) and municipal tax revenue to EUR 545.3mn (5.8% short).