In 2025, Latvia's total tax revenue reached €15.173 billion, which was 1.3% or €194 million less than what was initially planned according to a report from the Ministry of Finance. Despite this shortfall, the tax revenue still reflected an increase of 5.3% or €768.8 million from the same period in 2024. The data indicates a mixed performance across different tax categories, with social security contributions being the largest component of the revenue.

Notably, the revenue from the national pension scheme amounted to €803.8 million, which was 1.3% or €10.7 million below the target. Social security contributions made up the largest share of the total revenue at €5.618 billion but also fell short by one percent of the planned revenue. Additionally, VAT receipts totaled €4.1 billion, representing a decrease of 3.4% from projections, while personal income tax collections slightly exceeded expectations at €2.768 billion, which was 1.2% above the planned amount.

Furthermore, the excise tax revenue was reported at €1.245 billion, which is 5.3% less than anticipated. The report also highlighted an increase in registered unemployment in Latvia, which reached 5.2% by the end of January, raising concerns about the economic stability and impacting revenue collections. Overall, the figures indicate challenges in revenue generation amidst rising unemployment, possibly signaling the need for fiscal adjustments in the coming years.