In this year's budget, 11.8 cents from each euro paid in taxes will be directed to strengthening national security, the Ministry of Finance informed the LETA agency.
In addition, 36.8 cents from each euro paid in taxes to the state budget will be directed to social protection, including pensions, benefits for families, people with disabilities, the unemployed, and other social protection measures.
The Ministry of Finance also reports that 10.2 cents from one euro paid in taxes is allocated this year for healthcare - state-funded healthcare services and the availability of medicines. 8.4 cents from each euro will be directed to education, science, sports, and culture, while 5.6 cents will go to public order and safety.
For the financing of municipalities, including subsidies, 14.3 cents from each euro paid in taxes will be allocated, and for economic activities, including transport and agriculture, 4.6 cents. 0.3 cents is allocated for environmental protection and territorial development.
For servicing the national debt and contributions to the European Union budget, 5.1 cents from each euro paid in taxes will be directed, while the offices of the president, the Saeima, the Cabinet of Ministers, and ministries will receive 0.9 cents. For other expenses, including diplomatic missions abroad and funds for unforeseen and other expenses, two cents are planned.
To ensure that the state can fulfill its essential functions for its residents, every euro paid in taxes is significant, emphasizes the Ministry of Finance. Residents of Latvia pay various taxes daily - from value-added tax on purchases in stores to excise taxes on fuel, alcohol, and tobacco products.
This year, consolidated state budget revenues are planned at 16.1 billion euros, and expenditures at 17.96 billion euros. Compared to 2025, revenues will increase by 959.8 million euros, while expenditures will rise by 819.4 million euros.
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