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Riga has largest fiscal deficit in master budgets among Latvian cities : building.lv - par būvniecību Latvijā

Riga has largest fiscal deficit in master budgets among Latvian cities

In five months of this year, the largest fiscal deficit among Latvia^apostrofs;s cities was counted in the Riga master budget - LVL 10.08 million, according to an official report on the national budget prepared by the State Treasury.

In five months of this year, the largest fiscal deficit among Latvia's cities was counted in the Riga master budget - LVL 10.08 million, according to an official report on the national budget prepared by the State Treasury.

Riga city master budget revenues since the beginning of the year totaled LVL 69.04 million, while expenditures - LVL 79.13 million.

Three out of seven Latvia's cities counted fiscal deficit in five months of this year, including Daugavpils - LVL 2.76 million, but Rezekne - LVL 19,000. Master budgets in other cities had a fiscal surplus.

Total fiscal deficit in the master budgets of Latvian cities at the end of May stood at LVL 10.74 million. Total master budget revenues reached LVL 99.66 million but expenditures - LVL 110.4 million.

Among Latvia's districts, the largest fiscal deficit was counted in Jekabpils District's master budget - LVL 182,000, Limbazi District - LVL 25,000, Rezekne District - LVL 23,000, Talsi District - LVL 200,000, Valmiera District - LVL 196,000 while in other districts - fiscal surplus.

Total fiscal surplus of Latvia's districts' master budgets at the end of May reached LVL 3.61 million. Master budgets' revenues in five months totaled LVL 101.52 million, but expenditures - LVL 97.91 million.

Municipal special budget fiscal surplus at the end of May totaled LVL 2.3 million, including special budgets of cities - LVL 438,000, but special budgets of districts - LVL 1.87 million. Municipal special budgets' revenues in five months totaled LVL 20.43 million but expenditures - LVL 18.29 million.


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