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Latvia

Fiscal Balance

-7.3
percent of GDP
Source: IMF

Global Ranking

146
Pakistan-7.1
146
Sierra Leone-7.1
146
Romania-7.1
149
Colombia-7.15
150
Italy-7.2
151
Latvia-7.3
152
Guyana-7.39
153
Greece-7.4
153
Egypt-7.4
155
Uganda-7.5
156
Costa Rica-7.52
156
Chile-7.52

Europe Ranking

38
Hungary-6.8
39
United Kingdom-6.83
40
Spain-6.9
41
Romania-7.1
42
Italy-7.2
43
Latvia-7.3
44
Greece-7.4
45
Malta-8
46
Iceland-8.9

Definition of Fiscal Balance

The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

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