Published: 01.01.2013

Transactions where a resident, without any compensation, provides a non-resident with or receives from non-resident goods, services, financial or non-financial assets not intended for investment. Current transfers fall into current transfers of the general government and current transfers of other sectors. Current transfers of the general government are those where either the donor or the recipient is the central government or local governments of Latvia.
The definition of the concept is consistent with Balance of Payments Manual 5th edition.