Latvian Budget Deficit Was 4% in 2011, Ministry Tells BNS

Feb. 3 (Bloomberg) -- Latvia’s budget deficit was about 4 percent of economic output last year, according to preliminary data, the Baltic News Service reported, citing Aleksis Jarockis, a spokesman for the Finance Ministry.

The figure is below the government’s target of 4.5 percent of gross domestic product, BNS reported. Latvia will submit data on the deficit to Eurostat on April 1, Jarockis said, according to the Riga-based newswire.

To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net