Finance

Financial intermediation

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Egle Vesilind
– Eesti statistika aastaraamat. 2016. Statistical Yearbook of Estonia (p. 198)

The Estonian sector of financial and insurance activities includes 1% of economically active registered enterprises (excl. sole proprietors who are registered only in the Register of Taxable Persons). The sector of financial and insurance activities includes the central bank, credit institutions, holding companies, trusts, funds and similar entities, insurance companies, pension funds, units engaging in other financial services activities, in the administration of financial markets, in activities auxiliary to financial services and insurance activities and in fund management activities. In 2015, the contribution of the sector of financial and insurance activities to the gross domestic product (GDP) of Estonia was 0.4 percentage points bigger than in 2014. The average contribution of the sector to the GDP in the 28 Member States of the European Union fell in 2015 to the level of 2013, i.e. to 5.3%. The contribution of the Estonian financial and insurance activities sector to the GDP is still on the same level as in 2014 and comparable to the corresponding indicators of Spain, Germany and Romania (3.9%).

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Finance

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Minifacts about Estonia 2016 (p. 32)

In 2015, the total revenue in the state budget of Estonia was 7.98 billion euros, including transferrable tax revenues. This was substantially below the planned budget volume, which was 8.45 billion euros. The planned level was not reached mainly because of a smaller sum of grants received. Excluding the grants, the sum of receipts exceeded the planned amount by 155 million euros. The planned expenditure in 2015 was 8.67 billion euros, out of which 8.33 billion were spent in the budget year.

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General government balance continued in surplus

news release no 36

According to the preliminary data of Statistics Estonia, in 2015, the Estonian general government surplus was 0.4% and the gross debt level was 9.7% of the gross domestic product.

Diagram: Surplus/deficit and debt level of the general government in Estonia, 2007–2015

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General government surplus was adjusted

news release no 104

According to the adjusted data of Statistics Estonia, in 2014, the Estonian general government surplus was 0.8% and the gross debt level was 10.4% of the gross domestic product.

Diagram: Surplus/deficit and debt level of the general government in Estonia

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Government finance

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Agnes Naarits
– Eesti statistika aastaraamat. 2015. Statistical Yearbook of Estonia (p. 207)

As at the beginning of 2015, the list of general government units included a total of 2,949 establishments, public-legal units, foundations, and enterprises acting as non-market producers whose economic activities were included in government finance accounting. This number included 322 central government units, 2,625 local government units and 2 social security funds.

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