Despite the tax increases in Latvia, there is still not enough money.
In the first nine months of 2026, taxes of 11.885 billion euros were collected in Latvia - 559.3 million euros, or 4.9%, more than in the corresponding period last year.
However, the plan could not be fulfilled: revenues were 66.7 million euros, or 0.6%, lower than expected.
The fact is that taxes on alcohol and cigarettes have fallen sharply. In particular, for nine months the number of cigarettes produced for consumption decreased by 15.4%, alcoholic beverages - by 3.1%. Local residents simply stopped buying these goods in Latvia.