Home > Salary > Latvia > Budget Analyst
A budget analyst is responsible for analyzing and managing an organization's financial resources. They work closely with department heads and executives to develop, monitor, and maintain budgets, ensuring that funds are allocated appropriately and in line with organizational goals. Budget analysts review financial data, forecasts, and reports to identify trends, potential areas of improvement, and cost-saving opportunities. They also provide recommendations on budget adjustments and reallocations to optimize resource utilization. Additionally, budget analysts may conduct financial audits, prepare financial reports, and assist in the preparation of budget proposals.
Estimated Yearly Salary: 26,707 EUR
Estimated Monthly Salary: 2,226 EUR
Estimated Weekly Salary: 514 EUR per week
Estimated Hourly Salary: 13 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 2,148 EUR
Estimated Weekly Salary: 496 EUR per week
Estimated Hourly Salary: 12 EUR per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 26,647 USD
Estimated Monthly Salary: 2,221 USD
Estimated Weekly Salary: 512 USD per week
Estimated Hourly Salary: 13 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 26,707 EUR
Estimated Monthly Salary: 2,226 EUR
Estimated Weekly Salary: 514 EUR per week
Estimated Hourly Salary: 13 EUR per hour
By working as Budget Analyst a person can save up to 1,361 USD per month or 16,327 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Estimated Yearly Salary for Budget Analyst
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Budget Analyst salary in Latvia
Average Yearly Salary of Budget Analyst in Latvia is approximately 26,707 EUR (26,647 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Budget Analyst do?
A budget analyst is responsible for analyzing and managing an organization's financial resources. They work closely with department heads and executives to develop, monitor, and maintain budgets, ensuring that funds are allocated appropriately and in line with organizational goals. Budget analysts review financial data, forecasts, and reports to identify trends, potential areas of improvement, and cost-saving opportunities. They also provide recommendations on budget adjustments and reallocations to optimize resource utilization. Additionally, budget analysts may conduct financial audits, prepare financial reports, and assist in the preparation of budget proposals.
Skills: budget management, financial analysis, resource allocation, cost control, financial planning, financial reporting
Job industry: Finance
Job industry: Finance
How much does Budget Analyst make?
Salary details
How much does Budget Analyst make?Estimated Yearly Salary: 26,707 EUR
Estimated Monthly Salary: 2,226 EUR
Estimated Weekly Salary: 514 EUR per week
Estimated Hourly Salary: 13 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 25,779 EUREstimated Monthly Salary: 2,148 EUR
Estimated Weekly Salary: 496 EUR per week
Estimated Hourly Salary: 12 EUR per hour
Last revision of data: 2024-01-02Budget Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 26,647 USD
Estimated Monthly Salary: 2,221 USD
Estimated Weekly Salary: 512 USD per week
Estimated Hourly Salary: 13 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Budget Analyst job salary compared to average salary in Latvia.
Comparison shows that a person working as Budget Analyst in Latvia earns on average:
1.37 times the average salary (or 137% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Budget Analyst job salary compared to average salary in Latvia.
Comparison shows that a person working as Budget Analyst in Latvia earns on average:
1.37 times the average salary (or 137% of average salary).
Is Budget Analyst a well paid job?
Yes, our data shows that Budget Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Budget Analyst?
High salary for Budget Analyst would be somewhere between 29,378 EUR and 38,725 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Budget Analyst in Latvia?
Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 26,707 EUR
Estimated Monthly Salary: 2,226 EUR
Estimated Weekly Salary: 514 EUR per week
Estimated Hourly Salary: 13 EUR per hour
By working as Budget Analyst a person can save up to 1,361 USD per month or 16,327 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Estonia, Russia, Belarus, Lithuania.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Budget Analyst
Estonia is 34,378 USD
Russia is 15,967 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Latvia
(224,317 EUR per year, pre-tax.)
2. Cardiologist
(186,760 EUR per year, pre-tax.)
(179,947 EUR per year, pre-tax.)
4. Neurosurgeon
(174,646 EUR per year, pre-tax.)
(174,433 EUR per year, pre-tax.)
6. Urologist
(170,871 EUR per year, pre-tax.)
(170,733 EUR per year, pre-tax.)
(170,497 EUR per year, pre-tax.)
(169,948 EUR per year, pre-tax.)
(169,943 EUR per year, pre-tax.)
Data as of 2025Random salary:
Computer desktop publisher (14,282 EUR per year, pre-tax.)
Energy management specialist (21,913 EUR per year, pre-tax.)
Senior estimator (30,326 EUR per year, pre-tax.)
Administrative support assistant (asa) (9,508 EUR per year, pre-tax.)
Inside sales director (27,660 EUR per year, pre-tax.)
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