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General government deficit decreased last year, the debt level was stable (corrected on 24.03.2023)

Article
According to the preliminary data of Statistics Estonia, in 2022, the Estonian general government deficit was 1% 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 335 million euros.

General government deficit decreased significantly, the debt level is stable

Article
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.

Research and development in Estonia is driven by the business sector

Article
According to Statistics Estonia, in 2019, the expenditures on research and development (R&D) in Estonia amounted to 453 million euros, which is 24% more than in 2018. The share of R&D expenditures in the gross domestic product was 1.61%, making it the highest share in the last five years.

Government finance

Area
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

Kaie Koskaru-Nelk named the new Deputy Director General of Statistics Estonia

Article
In September, Kaie Koskaru-Nelk, former Deputy Secretary General of Fiscal Policy of the Ministry of Finance, will assume office as Deputy Director General of Statistics Estonia. Koskaru-Nelk, who has worked in management positions in the public sector for over 20 years, will be responsible for strategic management of statistical analysis departments and international cooperation.

Banking and financial markets

Area
The financial sector is one of the fastest growing and changing sectors in the world. Financial institutions manage funds, invest or manage assets and shares, provide leasing services and loans, manage loan offices and provide financial advice. Almost all people come into contact with financial institutions, for example by using a current account, depositing money or collecting a pension, applying for a bank loan to buy a home, a car, etc. Statistics on credit institutions, payment and settlement systems, savings and loan associations and leasing enterprises are collected and published by