'Eurostat': Latvia among 12 EU member states with declining public debt

Latvia was among the 12th European Union (EU) Member States with a reduction in government debt to gross domestic product (GDP) in the third quarter of last year compared to a year ago, according to the EU Statistical Office, published on Friday. “Eurostat” data.

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In Latvia, as in Bulgaria, government debt decreased by 0.8 percentage points year on year in the third quarter.

The sharpest declines over the period were in Cyprus (-6.4 percentage points), Ireland (-3.6 percentage points), the Netherlands (-2.5 percentage points) and Denmark (-2.4 percentage points).

Meanwhile, the largest increases were in Spain (+7.8 percentage points), Hungary (+6.5 percentage points), Malta (+5.7 percentage points) and Austria (+5.6 percentage points).

In Lithuania, general government debt decreased by 0.3 percentage points, while in Estonia it increased by 0.6 percentage points.

The average growth was 0.9 percentage points in the EU and 1.1 percentage points in the euro area.

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Natural gas from Russia has not flowed into the Baltic States since April

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‘Eurostat’: Latvia among 12 EU member states with declining public debt

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