International Internet Magazine. Baltic States news & analytics
Tuesday, 25.04.2017, 23:15
In 2016 the smallest government sector debt in the euro area was recorded in Estonia, where it totaled 9.5% of GDP, Eurostat reports.
Keyword tags: Analytics, Budget, EU – Baltic States, Financial Services, Statistics
2016, the general government budget surplus accounted for EUR 3.4 mln or 0.01% of the Gross Domestic Product (GDP), whereas the general government consolidated gross debt amounted to EUR 10 038.3 mln or 40.1 % of the GDP, according to the results of the April 2017 Notification on General Government Budget Deficit and Debt1 compiled by the Central Statistical Bureau (CSB), which has been drawn up in line with the methodology of the European System of Accounts (ESA 2010).
The budget of the Lithuanian government sector was surplus in 2016, according to preliminary estimates. Economist Gitanas Nauseda says this was the first time in 26 years when the sector's revenue exceeded the spending, citing LETA/BNS.
A government-funded fertility treatment program in Latvia has resulted in 790 births since its launch six years ago, Evija Stalberga, a representative of the National Health Service, told LETA.
According to the preliminary data of Statistics Estonia, in 2016, the Estonian general government surplus was 0.3% and the gross debt level was 9.5% of the gross domestic product.
The flash estimate1 put the Estonian current account at 251 million euros in deficit in January 2017. The cause of the deficit was large one-off import transactions for transport vehicles. The deficit on the goods and services account was 240 million euros. Goods exports grew by 9% and goods imports by 39%, so the deficit on the goods account widened to 342 million euros. Exports of services increased by 12% and imports by 10%, so the surplus on the services account was larger than a year previously at 102 million euros. The net outflow on the primary and secondary income accounts totalled 11 mln euros, which was 36 mln euros less than a year earlier.
Wages might be risen not only for childbirth specialists and midwives, but also for medics ensuring emergency medical services in hospitals, said Latvian Health Minister Anda Caksa after her meeting with Prime Minister Maris Kucinskis today.