Ober Haus Commercial market commentaries, Q4 2011


The increase of the economic activity and tax administration improvement measures, as well as the still tightening discipline of budget spending performance throughout the past year, have contributed to the improvement of the fiscal situation. As a result of that, the budget deficit of the central government in 2011 was 426.8 million Latvian lats, which is by 486.3 million lats less if compared to the deficit in 2010 and by 66.8 million lats smaller than the amount approved by the Law on the “National Budget for 2011”.

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