Latvia’s debt to grow to 40 pct of GDP by year’s end

  • 2016-08-24
  • BNS/TBT Staff
The Latvian government debt may grow to 40 per cent of GDP by the end of this year, Kaspars Abolins, the head of the Treasury, said on the morning news programme of the LNT commercial television on Aug. 23. At the end of 2015, the government debt stood at 36 per cent of GDP. Nevertheless, Latvia has one of the lowest government debts in the EU and the third lowest in the euro region, Abolins said. He explained that the government debt would increase at the end of 2016 because the Treasury planned to borrow money this year for redemption of bonds worth 1 ...
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