General government finance statistics cast light on the use of state funds.
In Estonia, the general government sector is divided into three:
- central government comprising state budget units and extra-budgetary funds, foundations and legal entities governed by public law;
- local governments, i.e. city and rural municipality administrations with their subsidiary units;
- social security funds: Estonian Health Insurance Fund and Estonian Unemployment Insurance Fund.
General government finance statistics cover general government financial indicators, such as tax receipts, general government revenue, expenditure and debt.
The statistics provide information on:
- how much taxes are paid into the state budget and local budgets;
- what is the budget surplus and deficit of the central government, local governments and social insurance funds;
- how much the general government has borrowed and how much of this is external debt.
Both public institutions and enterprises need finance statistics. The data are mainly used for making projections and operational planning. Changes in tax receipts also reflect what is happening in the economy in general.
State budget tax revenues 2.52 billion euros
10.5%1ST QUARTER 2023
Local budgets' tax revenues 444.9 million euros
9.8%1ST QUARTER 2023
General government consolidated surplus/deficit -280.1 million euros
-319.9%4TH QUARTER 2022
Central government surplus/deficit -388.2 million euros
Local government surplus/deficit -104.3 million euros
Surplus/deficit of social security funds 157.1 million euros
General government consolidated debt 6.66 billion euros
19.2%4TH QUARTER 2022
Share of general government consolidated debt in GDP 18.4 %2022
General government consolidated foreign debt 4.9 billion euros
24.4%4TH QUARTER 2022
Share of general government consolidated debt in GDP | 2018 – 2022
|General government consolidated debt, million euros||2,127.4||2,373.4||5,094.4||5,534.1||6,656.2|
|Share of general government consolidated debt in gross domestic product, %||8.2||8.5||18.5||17.6||18.4|
General government deficit decreased significantly, the debt level is stable
According to the preliminary data of Statistics Estonia, in 2021, the Estonian general government deficit was 2.4% and the debt level was 18% of the gross domestic product (GDP). At the end of last year, the total expenditures of the general government exceeded revenues by 721 million euros.
General government budget is in deficit, debt doubled in a year
According to the preliminary data of Statistics Estonia, in 2020, the Estonian general government deficit was 4.8% and the gross debt level was 18% of the gross domestic product. At the end of 2020, the general government consolidated expenditures exceeded the revenues by 1.3 billion euros.
Working international students and graduates contributed over 13 million euros in taxes in Estonia
Statistics Estonia prepared an analysis for the Estonian Education and Youth Authority on the economic impact of international students working in Estonia. It appeared that during the academic year 2019/2020, international students paid 10 million euros in income and social tax in Estonia and international graduates more than 3 million euros.
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