Finance

Finance

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Minifacts about Estonia 2014 (p. 28)

In 2013, the total revenue and expenditure in the state budget of Estonia were 7.6 and 7.7 billion euros, respectively. Revenue accounted for 101.7% and expenditure for 99.4% of the planned budget. Compared to 2012, revenue grew by 18% and expenditure by 19%. The growth was caused by the transferrable tax revenues which were added to the state budget. By the end of the year, expenditure exceeded revenue by 126 million euros.

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General government deficit decreased last year

news release no 39

According to preliminary data of Statistics Estonia, in 2013 the Estonian general government deficit was 0.2% and the gross debt level was 10% of the Gross Domestic Product (GDP).

Diagram: Surplus/deficit and debt level of the general government in Estonia, 2007–2013

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Taxes and subsidies on products in 2008–2010

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Anastassia Medkova
– Eesti Statistika Kvartalikiri. 4/13. Quarterly Bulletin of Statistics Estonia (p. 50)

Taxes and subsidies on products are mutual monetary transfers between general government or the institutions of the European Union, and enterprises. Taxes on products are compulsory payments, which are levied on the production and importation of goods and services, the employment of labour, the ownership or use of land, buildings or other assets used in production. Subsidies on products are current unrequited payments made to producers with the objective of influencing their production level and prices, or to remunerate for the costs related to production. The article focuses on the distribution of taxes and subsidies on products between transactions and economic activities in 2008–2010.

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Viability index

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Marika Kivilaid, Mihkel Servinski
– Eesti piirkondlik areng. 2013. Regional Development in Estonia (p. 84)

To tell the truth, it all started about ten years ago during a study visit to Finland. The period when such visits were customary was actually coming to an end. We had already seen most of what the Finns wanted to show us, but there were still some new discoveries each time as well.

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General government deficit adjusted

news release no 115

According to the adjusted data of Statistics Estonia, in 2012 the Estonian general government deficit was 0.2% and the gross debt level was 9.9% of the gross domestic product (GDP).

Diagram: Surplus/deficit by sub-sectors of general government in Estonia, 2003–2012

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