Fore­cast for Lat­vian gov­ern­ment’s debt raised

The Baltic Times - - BALTIC NEWS - BNS/TBT Staff

The Lat­vian Fi­nance Min­istry has raised its fore­cast for gov­ern­ment debt for this and com­ing years in its Latvia’s Sta­bil­ity Pro­gram for 2017-2020. In the sta­bil­ity pro­gram pre­pared last year, the min­istry pro­jected the gov­ern­ment debt to be at 38.3 per cent of the gross do­mes­tic prod­uct (GDP) in 2017, while the lat­est fore­cast raises the debt by 0.9 per­cent­age points to 39.2 per cent of GDP. The gov­ern­ment debt fore­cast for 2018 has been raised from 37.5 per cent to 38.2 per cent of GDP, the fore­cast for 2019 was raised from 38.2 per cent to 39.4 per cent of GDP.

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