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Treasury

History

Created : 25.09.2017. Updated: 04.06.2018.

The Treasury was established in 1919 as one of the first public administration institutions during the first independent Republic of Latvia.

During the period from the year 1992 it has grown from the Department of the Ministry of Finance to the institution with a unique system if comparing to other Member States of the European Union. The Treasury organise the execution and financial accounting of the central government budget, central government debt management, cash and state budget loan management, implementation of the functions of the Paying and Certifying Authority for the European Union.