Fiscal Discipline Council: Public finances are in managable but fragile balance.

In 2021, Latvia is projected to have the fourth highest deficit level in the European Union at 9.3%, after Malta (11.1%), Greece (9.9%) and Italy (9.4%). This is the first time since the global financial crisis when Latvia is among the deficit leaders despite the government's decision to belong to the group of fiscally responsible Nordic countries. Therefore, Latvia needs to be very careful in planning future additional expenditures. Broader analysis of the impact of Covid-19 on the national economy and fiscal position in the latest crisis monitoring report Nr.16 by the Fiscal Council.

The summary of the report is available here, the full report (in Latvian) can be found here 

The archive with the previous reports is available here.