At the end of January this year, Latvia’s consolidated general government budget showed a deficit of 21.5 million euros, according to information published by the Fiscal Discipline Council (FDP).
The FDP notes that at the same time a year ago, the consolidated budget balance showed a surplus of 37.3 million euros.
At the end of January, the state special budget recorded a surplus of 146.2 million euros, local government budgets showed a surplus of 51 million euros, and the budgets of derived public persons showed a surplus of 31.6 million euros. Meanwhile, the state basic budget recorded a deficit of 250.3 million euros.
Comparing this year’s January revenues and expenditures with those of the corresponding period in 2025, revenues increased by 3.5% or 51.4 million euros. The most rapid revenue growth was observed in financing from European Union (EU) funds, where revenues increased by 10.1% or 12.1 million euros.
Meanwhile,
expenditures in January increased by 7.8% or 110.2 million euros,
the FDP reports. The sharpest increase in spending was in capital expenditures, which rose by 86.5% or 82.8 million euros.
The FDP notes that under the 2026 Budget Law, consolidated general government expenditures are planned at 20.9 billion euros. According to the FDP’s forecast, 1.5 billion euros was allocated for January, but actual expenditures in January 2026 were 58.5 million euros higher than projected.
As only data for the first month of the year are available, it is too early to draw conclusions about expenditure developments for the year as a whole, the FDP points out.
January expenditures account for 7.3% of the total planned expenditures for 2026, while revenues account for 7.9% of the annual plan.
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