Dec. 6 (Bloomberg) -- The Latvian government approved a 2011 budget plan that includes tax increases and expenditure cuts and plans to submit it to parliament tomorrow, the Leta newswire reported.
Total revenue is planned at 5.1 billion lati ($9.6 billion), with spending at 5.7 billion lati, the Riga-based newswire reported, putting the deficit at 5.5 percent of gross domestic product, Leta reported, citing Finance Minister Andris Vilks. The budget may undergo changes in parliament, the newswire said.
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