In 2014, the total revenue and expenditure in the state budget of Estonia were 7.82 and 7.77 billion euros, respectively. Revenue accounted for 97.5% and expenditure for 95.6% of the planned budget. Revenue was below the planned level mainly due to grants, which accounted for only 73.7% of the planned amount. Expenditure decreased primarily in terms of issued grants and other transfers. In comparison with 2013, budget revenue increased by 3% and expenditure by 0.4%. The budget surplus was 43 million euros.
Säästva arengu näitajad. Indicators of Sustainable Development
What progress has been made towards the four main targets of the Estonian National Strategy on Sustainable Development “Sustainable Estonia 21” (SE21) – growth of welfare, coherent society, viability of the Estonian cultural space and ecological balance? The publication includes 69 indicators of sustainable development that reflect the progress in key domains in Estonia. Under each indicator, there is an analysis of the current situation, an assessment of relevance in the SE21 context, and an overview of the measures defined in current development and action plans. The publication is prepared in cooperation with the Strategy Unit of the Government Office. While the main focus is on sustainable development, the publication provides a good overview of general trends in Estonia.
General government balance back in surplus
According to the preliminary data of Statistics Estonia, in 2014, the Estonian general government surplus was 0.6% and the gross debt level was 10.6% of the gross domestic product.
General government debt level continued to increase last year
According to the adjusted data of Statistics Estonia, in 2013 the Estonian general government deficit was 0.5% and the gross debt level was 10.1% of the gross domestic product.
1,096 financial enterprises were surveyed in 2013. Financial enterprises include enterprises providing financial services, credit institutions, insurance enterprises, investment and pension funds, and enterprises engaged in activities auxiliary to financial services. 62% of them reported their activities regularly on time. Most (78%) of the surveyed enterprises were small with fewer than 50 employees. Nearly a quarter (22%) of the surveyed units were large (i.e. had more than 50 employees). The biggest enterprises in the Estonian financial sector were credit institutions and the central bank. Compared to 2012, the size of enterprises increased – the number of employees per enterprise rose by 12%.