RIGA - The budget deficit in Latvia this year could reach about EUR 1 billion, Finance Minister Janis Reirs (New Unity) told TV3 this morning.
"The budget deficit could be about a billion euros or 9-10 percent of tax revenues," the finance minister said, adding that the current budget deficit is about EUR 500 million.
Reirs also noted that in early March, budget revenue was forecast to fall by between EUR 600 million to EUR 1.5 billion this year. "Preliminary data for August show that we will probably not reach the most pessimistic foreca...
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