General government finance statistics is used for monitoring fiscal discipline in the European Union (EU) Member States and for the purposes of the Excessive Deficit Procedure.

Definitions

Balance is the amount of a financial instruments at a given point in time.

Financial accounts are a system of national accounts, which reflect the financial instrument balances, transactions, exchange rate fluctuations, price changes and other changes in breakdown by sector and transaction partner.

General government consolidated debt, or "Maastricht debt" is the received and outstanding gross debt of central government structure, local government structure, as well as of the social security fund (in accordance with the classification of institutional sectors) in nominal value (face value) at the end of the reporting period. Maastricht debt is consolidated both – at the level of sub-sectors, as well as between general government sectors, excluding mutual liabilities. General government debt consists of the sum of liabilities in the general government sector in the following categories of financial instruments: deposits, debt securities and loans.

Deficit (–) or surplus (+) shows general government (the sub-sectors of the central government, local government and the social security fund) net borrowing or net lending.

This is the net result of the use of resources that are available to the general government and that are calculated on the basis of ESA 2010 methodology.

General government deficit and debt notification is a report submitted by the member countries of the European Union to the European Commission on the surplus or deficit of government finances and on government debt.

General government revenues consist of received taxes on production and imports, current taxes on income, wealth and other taxes, as well as of the actual and imputed social contributions.

According to the European System of Accounts (ESA 2010) the general government sector includes central and local government budgetary institutions, the social security fund and enterprises controlled and financed by central and local governments selected in compliance with ESA 2010 criteria on the formation of the central government sector.

A transaction is an increase or decrease of financial instrument assets or liabilities as a result of financial transactions at a given point in time.

Dissemination Format and Release Calendar

Advance Release Calendar

Press releases

Publications

Download CSB publications on various time periods (starting from 2007) in section E-publications and subscribe for paper publications in section Publications.

Data on government finances are available in the statistical yearbooks and monthly bulletins.

Theme Title Release datesort icon ZIP/PDF
General Statistics Key socio-economic indicators in the Baltic states 23.01.2018
General Statistics Key socio-economic indicators in the Baltic states 27.12.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/10 23.11.2017
Government general indicators, income, expenditure, debt Public finances of Latvia 2017 08.11.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/09 23.10.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/08 25.09.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/07 23.08.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/06 24.07.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/05 26.06.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/04 23.05.2017
General Statistics Latvia. Statistics in brief, 2017 08.05.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/03 24.04.2017
General Statistics Key socio-economic indicators in the Baltic states, 2017/02 23.03.2017
General Statistics Statistical yearbook of Latvia, 2016 24.02.2017
General Statistics Key socio-economic indicators in the Baltic states 23.02.2017

Classifications

European System of Accounts (ESA 95) classification.

A Classification Catalogue with classification codes and their explanations has been published on the CSB website.

Customised Datasets

If you would like to obtain statistical data that are not available in publications or in the CSB online data base, please send us an information request:
 - postal mail: 1 Lāčplēša Street, Riga, Latvia, LV-1301;
 - e-mail: info [at] csb [dot] gov [dot] lv;
 - visiting Information centre.

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Other data sources on general government budget

The CSB home page offers section Notification on General Government Budget Deficit and Debt, providing information on the Excessive Deficit Procedure (description of the data sources and methods, statistical tables).

The Ministry of Finance is responsible for collecting and publishing information on the general government consolidated budget in line with the national methodology.

Data Collection

Survey Method and Source Data

The main sources of statistical data on general government finances are the annual report of the Ministry of Finance on the execution of the central and local government budgets and information from the statistical surveys on the activity of central and local government-controlled enterprises.

Statistical Population

According to the classification of institutional sectors in compliance with European System of Accounts ESA 2010, the general government sector includes all central and local government budgetary institutions, the social security fund and the central and local government-financed and controlled enterprises selected in compliance with ESA 2010 criteria on government sector formation.

Statistical Processing

Calculation Method

Financial indicators of the general government are calculated in line with the European System of Accounts (ESA 2010), EU Manual for National Accounts, Manual on Government Deficit and Debt.

Revision

The published data will be revised.

Comparability

Comparability over time

Comparable data available from 1995.

International Comparability

Eurostat

The Statistical Office of the European Union Eurostat compiles and publishes on its home page information on indicators of the government statistics in the European countries. This information is available under the section: Statistics/ Economy and finance/ Government finance statistics/ Database.

http://ec.europa.eu/eurostat

Contact person on methodology

Name Surname Phone number Position Email
Vija Veidemane 67366963 daļas vadītājs Vija.Veidemane@csb.gov.lv

Last update

01.12.2015

Explanation of symbols

-

Magnitude zero

0

Less than half of the unit employed

...

Data not available or too uncertain for presentation

X

Figure not applicable because column heading and stub line make entry impossible, absurd or meaningless

.

Data not released for confidentiality reasons

If data are absolute numbers

0

Magnitude zero