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Government approves and forwards 2012 budget bill to Saeima

2011.12.05 15:38

RIGA, Dec 5 (LETA) - Today, the Cabinet of Ministers approved the 2012 national budget bill which will be submitted for review in Saeima tomorrow. Budget deficit, calculated pursuant to ESA methodology, will not exceed 2.5 percent of gross domestic product next year. Consolidated budget revenue next year is projected at LVL 4.516 billion, whereas expenditures - at LVL 4.641 billion. Master budget's revenue is projected at LVL 3.262 billion, expenditures - at LVL 3.253 billion.

Special budget revenue will amount to LVL 1.269 billion, expenditures - LVL 1.402 billion.

The budget bill says that the maximum government debt will be LVL 6.2 billion at the end of 2011.

Jānis Bagātais LETA

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