RIGA - The Cabinet of Ministers on Tuesday approved Latvia's draft budget for 2021, projecting a budget deficit of EUR 1.2 billion, or 3.9 percent of GDP.
According to the draft law on Latvia's 2021 budget, consolidated budget revenue is planned at EUR 9.579 billion, down EUR 328 million from this year.
Next year's budget expenditure, meanwhile, is projected at EUR 10.758 billion, which is an increase of EUR 744 million against this year's budget expenditure.
According to the draft law on the medium-term bu...
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