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The State Audit Office of Latvia has concluded the annual financial audit on the annual consolidated financial statement 2024 of the Republic of Latvia (ACFS) and provides an opinion on its accuracy. Unfortunately, the opinion is qualified this time as well. The most crucial reason is an annual tax report (so-called tax balance) of the State Revenue Service (SRS), which is still not auditable.
The ACFS 2024 consists of 73 reports; the total balance sheet amount is 45.1 billion euros, the consolidated public debt is 19.1 billion euros, revenue is 17.2 billion euros, and expenditure is 17.9 billion euros.
