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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