🇱🇻 FDP: Latvia’s government debt per capita reaches €10,600
According to the Fiscal Discipline Council (FDP), Latvia’s general government debt reached 48 % of GDP in mid-2025 — about €10 600 per resident. While still below the EU’s 60 % Maastricht limit, the Council forecasts a steady climb: 49 % in 2025, 51 % in 2026, and up to 55 % by 2028. Annual interest payments are expected to rise from €519 million next year to €736 million by 2028.
Context: The figures confirm that Latvia remains a “low-debt” country by EU standards, but the trajectory is turning upward. As borrowing costs grow, fiscal space for social and investment spending will narrow. With a pre-election budget ahead and a strong narrative of “tracking every cent,” the government faces a delicate balance — keeping discipline while responding to voters’ expectations in 2026.