In Latvia, the Ministry of Finance (FM) is responsible for the development of state real estate management policy. State-owned enterprise "Valsts nekustamie īpašumi" (VAS VNĪ) founded by it is the most recognizable, but not the only state real estate manager in the country. At the end of the audit, the State Audit Office found significant deficiencies both in the formulation of policy (or in the non-formulation more precisely) and also in property management. The implementation of the unified governance and management concept of state real estate (Concept) adopted in 2006 has already been completed in 2020, but only a part of what was planned has been achieved. The way VAS VNĪ manages real estate and provides state institutions with it makes the State Audit Office of Latvia doubt whether the state's interests are valued higher than the interests of the state-owned enterprise.