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%.
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.