In 2021, the activities in the field of external statistics were pursued in two main directions, which included:

  • the reduction of the reporting burden;
  • the introduction of new requirements.

Upon reviewing the mathematical methods and the data content, Latvijas Banka found a way to reduce the reporting burden for a part of nonfinancial corporations and credit institutions by revoking or amending several statistical reporting regulations. Reporting agents no longer have to submit the annual report on foreign assets and liabilities (1-MB), the quarterly reports on long-term foreign debt and the quarterly report on long-term foreign loans (2-MB), while they may report a reduced scope of data under the quarterly report on foreign assets and liabilities (1-MB). Thus, the reporting burden has been reduced for approximately 900 respondents.