At the end of February this year, there was a surplus of 425.4 million euros in the consolidated total budget of Latvia, according to information published by the Fiscal Discipline Council (FDC), as reported by LETA.
The Fiscal Discipline Council (FDC) notes that a year ago at this time, there was a deficit of 68.1 million euros in the consolidated budget.
According to the FDC, by the end of February 2026, there was a surplus of 156 million euros in the main state budget, 148.7 million euros in the special state budget, 97.7 million euros in the municipal budgets, and 23.1 million euros in the budgets of derived public entities.
Comparing this year's revenues and expenditures with the figures from 2025, there is a 22.5% increase in revenues, or 651.3 million euros. The FDC attributes the faster growth in revenues to contributions from the European Union (EU), where revenues increased by 2.3 times, or 486.4 million euros.
In turn, expenditures grew by 5.3%, or 157.8 million euros. The largest increase in expenditures is observed in capital expenditures, which rose by 91.2%, or 161.7 million euros.
The FDC indicates that in the budget law for 2026, the expenditures of the consolidated total budget are planned at 20.9 billion euros. According to the FDC's forecast, 3.2 billion euros are allocated for the period of January–February. Actual expenditures for the first two months of 2026 amounted to 3.1 billion euros, which is 1.5%, or 484 million euros, less than the projected level.
The FDC explains that currently, data is only available for the first two months of the year; however, current expenditures generally align with forecasts. Expenditures for January and February account for 15% of the total planned volume for 2026, while revenues account for 18.6% of the annual plan.
