Budget requests for €1.3 billion made by Latvian state bodies

Ministries and other central authorities, as well as independent bodies, have submitted requests for priority actions for 2025 for almost €1.3 billion, the Ministry of Finance said.

Independent bodies have submitted actions and measures for 2025 for €7.5 million, while ministries and other central bodies have submitted measures for €1.284 billion. Meanwhile, requests for 2026-2028 amount to €1.75 billion annually (€1,753.2 million of measures have been submitted for 2026, €1,671.8 million for 2027 and €1,643.5 million for 2028).

Taking into account macroeconomic indicators and fiscal space, the government previously agreed to make security the sole priority for the 2025 national budget and the 2026, 2027 and 2028 budget frameworks. Accordingly, ministries had until June 28 to submit requests for priority measures related to internal and external security.

The government will decide on the relevance of the submitted programs to the identified priorities and on possible additional funding in August, once tax revenue and fiscal space forecasts have been updated.

"Given that this year's tax revenue forecasts are lower than budgeted, it is likely that limited additional financial resources will be available in next year's budget to finance new policy priorities of the government.

"Therefore, unlike in previous years, when three budget priorities (security, health and education) were set, on June 18 the government, taking into account the geopolitical situation, decided to support only one priority - internal and external security - in the 2025 budget," Finance Minister Arvils Ašeradens (New Unity) said.

The Ministries of Interior and Defence, which are directly responsible for national security, have submitted budget requests for 2025 amounting to €440 million, and these needs will be considered by the government as a matter of priority, the Finance Minister confirmed.

According to the budgetary timetable, the package of draft laws for the budget 2025 is expected to be submitted to the Parliament on October 15 this year.

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