In Q4 2021 Latvia was among seven European Union member states in which an increase of the government debt was observed, according to data published by Eurostat on Friday, 22 April.
In Q4 Latvia’s state debt increased by 1.5 percentage points.
State debt increase was also observed in the Czech Republic (+4.2 percentage points), Malta (+3.6 percentage points), Slovakia (+3.3 percentage points), Romania (+1.6 percentage points), Germany (+0.6 percentage points) and Bulgaria (+0.4 percentage points).
Read also: Latvia’s state budget deficit of 2021 at 7.3% of GDP
The most rapid drop of the state debt among EU member states was observed in Greece (-13.1 percentage points), Cyprus (-11.4 percentage points), Portugal (-7.8 percentage points) and Croatia (-7.5 percentage points).
In Lithuania the general government debt has dropped by 2.3 percentage points, but in Estonia – by 0.9 percentage points.
The average decline in the EU was 1.9 percentage points, whereas the decline in Eurozone was 1.6 percentage points.
State debt growth observed in seven EU member states, Latvia included
