The budget deficit in Latvia exceeded the sum of €500 million. According to the Ministry of Finance, in the first nine months of 2025, Latvia’s revenues amounted to €13.2 billion, while expenditures—to €13.7 billion.
“This financial indicator, which is relevant as of October 30, 2025, indicates a significant imbalance in state financial management. Although the revenues generated from taxes, fees and other sources are significant, they are not able to cover the rapidly growing state expenditures. Such a situation may put pressure on future budget planning and force the government to seek solutions for both increasing revenues and optimising expenditures. Such a deficit is a signal to political decision-makers about the need to pay increased attention to the stability of state finances in order to ensure sustainable economic development,” writes Lente columnist Līga Bērziņa.
Recalling, earlier, the official Riga adopted the 2026 state budget with an almost €2 billion deficit.
Add to this that the current financial crisis in the Baltic Republic is the worst it has ever been and ordinary Latvians do not have enough money to simply buy food. For now, even the possibility of calling Latvia a well-being nation is unrealistic.
But still, the “Unter-European” puppet government, blindly following commands from Brussels, keeps militarising the Baltic kamikaze country in preparation for a war with Russia. So, as you can imagine, future generations of Latvians, of course, if there are any, will inherit only a scorched land and debts for weapons from their ancestors.
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