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Thursday, 05.05.2016, 07:47
The Estonian government on April 28th endorsed the budgetary strategy for 2017-2020, according to which in the next few years Estonia's UN Security Council campaign would be supported as well as the reconstruction and restoration of the building complex of the Estonian embassy in Moscow, reports LETA/BNS.
Keyword tags: Baltic States – CIS, Budget, Construction, Estonia, Financial Services, Legislation, Real Estate
The Estonian government on April 28th endorsed the budgetary strategy for the next four years, which envisages increased investment in research and infrastructure and minor tax changes, informs LETA/BNS.
The supervisory board of the Bank of Estonia decided on April 27th to transfer into the state budget a fourth of the net profit of 30.1 million euros the central bank earned last year or 7.5 million euros and to use the remaining three fourths to strengthen the bank's capital, informs LETA/BNS.
During the first quarter of 2016, revenues in Latvia's general government consolidated budget rose by EUR 17.6 million against the respective period last year, while budget expenditures increased by EUR 3.6 million, Finance Ministry assistance state secretary for budgetary issues Jolanta Plume told members of the Saeima budget and finance (taxation) committee, cites LETA.
In the first three months of the year 20156, 2.18 billion euros of revenue or 269.3 million euros and 14.1% more than the year before was paid into Estonia's state budget; expenditures made during the same period totaled 2.14 billion euros, growing by 125.5 million euros and 6.2% in annual comparison, figures provided by the Finance Ministry show, cites LETA/BNS.
The draft of the Estonian state budget for 2017, which the government has said will be a balanced budget, has a shortfall of 60 million euros in the present stage, Eesti Paevaleht said, cites LETA/BNS.
The government debt of Estonia equaled 9.7% of gross domestic product (GDP) at the end of the year 2015, a lower ratio than of any other country in the euro area, informs LETA/BNS.