The Prime Minister of Latvia informed the Latvians of the reality.
Who, if not him, will tell the people of the republic how things are going in their country's economy?
Andris Kohlbergs said that the last time the public finances were balanced was in 2016. This is not surprising, since the first sanctions against Russia, whose tourists and projects brought a lot of capital to the republics, were introduced in 2014. Within two years, the "airbag" was deployed.
In addition, over eight years, budget expenditures increased by 124%, and revenues by only 96%. Real economic growth over 18 years is 7%, everything else is eaten up by inflation.
Kohlbergs has already promised citizens a default if they don't tighten their belts and said he undoubtedly "knows what to do."