Skip to main content
Central Statistical Bureau of Latvia Home

Toolbar

  • Easy to read
  • English
  • Latviski

Main navigation

  • Statistics

    Search for statistical tables, publications, maps, infographics and press releases or browse by statistical theme.

    Advanced dissemination calendar.

    Statistics database

    We publish public use files for learning purposes and researchers can access anonymized individual data for scientific purposes.

    User support service will assist you in finding statistical information.

  • For respondents

    Information on population and household surveys.

    Check if and what official statistics forms your enterprise (institution or organisation) must submit.

    Submit data in Electronic data collection (EDC) system e.csb.gov.lv

  • Documents

    Legislation governing official statistics.

    Statistics programme, information on Statistical Council, producers of official statistics (statistical institutions) and quality assurance framework in section Official statistics system.

  • About us

    Information on how to find and contact us. Useful information for media.

    An overview of our mission, annual reports, budget, international cooperation, history and other information on CSB of Latvia.

Breadcrumb

Home/ Statistics/ Statistics by theme/ Economy and finance/ Government finance/ Find table/

Main aggregates of general government

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.

TOC
Table of contents
Concepts and definitions
Data collection and statistical processing
toc

Concepts and definitions

Residue

Amount of a financial instruments at a given point in time.

Transaction

Increase or reduction of financial instrument assets or liabilities in the result of financial transactions at a given point in time.

Financial accounts

Systems of national accounts that reflect financial instrument residue, transactions, fluctuation in the exchange rate, price changes and other changes in breakdown of sectors and transaction partner sector.

General government deficit and debt notification
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 debt

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.

General government deficit (–) or surplus (+)

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.

Top
toc

Data collection and statistical processing

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.

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.

Classifications

European System of Accounts (ESA 95) classification.

Contact person on methodology

Vija
Veidemane
Government Finance Section
Section Head
Vija.Veidemane@csb.gov.lv
67366963
Top

Central Statistical Bureau of Latvia

Lāčplēša iela 1, Rīga, LV -1301

pasts@csb.gov.lv CSB_Latvia
 +37167366850 CSP_Latvija
RSS Latvijas statistika

How to find us

View all contacts

Privacy

User support

info@csb.gov.lv

+371 67366922

We will consult you as soon as possible and free of charge.

Custom made data may be delivered on request.

In this case we will propose and confirm with you a quote before delivering the data. More info on this may be found in Information requests.