Fiscal data are published in accordance with Council Directive 2011/85/EU (November 8, 2011) on requirements for budgetary frameworks of the Member States, Chapter II, “Accounting and Statistics”, Article 3, paragraph 2:
2. Member States shall ensure timely and regular public availability of fiscal data for all sub-sectors of general government as set out by Regulation (EU) No 549/2013. In particular, Member States shall publish for central government, state government, local government and social security funds, quarterly debt and, unless they have in place integrated, comprehensive and nationally harmonised accrual financial accounting systems, deficit data separately, before the end of the following quarter or after publication of the relevant data by the Commission (Eurostat).
Quarterly fiscal data
! Quarterly fiscal data, in accordance with the requirements of the Directive, starting from the first quarter of 2026, will be published by the end of the following quarter or after the relevant data has been published by the Commission (Eurostat).
Data on contingent liabilities are published in accordance with Council Directive 2011/85/EU Chapter VI “Transparency of General Government finances” Article 14 paragraph 3:
3. For all sub-sectors of general government, Member States shall publish relevant information on contingent liabilities with potentially large impact on public budgets, including government guarantees, non-performing loans, and liabilities stemming from the operation of public corporations, including the extent thereof. Member States shall also publish information on disaster and climate-related contingent liabilities to the extent possible. Published information shall, to the extent possible, take into account information on fiscal costs incurred due to disasters and climate-related shocks. Member States shall publish information on the participation of general government in the capital of private and public corporations in respect of economically significant amounts.
The schedule for publishing information on contingent liabilities are as follows:
- Guarantees of general government sector for the period t-1 are published by October 31 in the period t, creating the time series from 2010;
- Liabilities of public corporations for the period t-1 are published by 31 December in the year t, creating a time series from 2012;
- Off-balance public-private partnerships for the period t-1 are published by October 31 in the year t, creating the time series from 2010;
- Non-performing loans of general government sector for the period t-1 are published by October 31 in the year t, creating a time series from 2010;
- Participation of general government sector in the capital of corporations of economically significant value for the period t-1 are published by 31 December of the year t, creating a time series from 2013.
Information on disaster and climate-related contingent liabilities, taking into account, to the extent possible, fiscal costs incurred due to disasters and climate-related shocks, can be found in the Declaration of Fiscal risk.
In case of any questions, please contact: fiskalie.dati@fm.gov.lv.