webaddress
Weather Forecast
logo
Side logo

Regional News

Latvian deficit less than expected

Monday, 04 April 2011
Latvia's government cut its forecast of budget deficit from 2011 to 4.2 percent of GDP from the previous estimated 5.4 percent of GDP.
The goal of government was that after a deep financial crisis and recession, to bring the budget deficit to below 3 percent of GDP in 2012 and then open the way to follow Estonia's example and adopt the euro.
Accordingly, the IMF expects Latvia in 2014 to meet the so-called Maastricht criteria, which is required for it to adopt the euro.
By Scancomark.se Team



European countries in this section
Belgium
Czech Republic
France
Germany
Greece
Hungary
Ireland
Italy
Netherlands
Portugal
Spain
Britain







logo

Scandinavian Companies & Market Magazine ©2010, Granscole Establishment Sweden AB. Registered in Sweden as a Media Company Organisation Number: 556782-6572