Budget Over-Performs But Remains Expansionary

January 2007
Emerging Europe Monitor: Central Europe & Baltic States;Jan2007, Vol. 14 Issue 1, p11
Country Report
Country Report
The article examines the economic conditions in Latvia. The government has yet to finalize its budgetary strategy for 2007 and beyond, and is unlikely to target a fiscal surplus, according to the country's central bank and the International Monetary Fund. Its budget deficit will decline to about 0.9% of gross domestic product in 2006. The country will likely return to a deficit due to departmental spending rush and the compensation of farmers due to a poor agricultural season.


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