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Friday, 19.09.2014, 02:45
At the Tuesday cabinet meeting, the Estonian government reached an agreement on next year's state budget revenue and expenditure – the state budget volume is 8.5 billion euros, and the government sector has a 0.8% of GDP structural surplus, reported LETA the government communications unit.
Keyword tags: Budget, Estonia, Financial Services, GDP, Legislation
According to the calculations of the Estonian Budgetary Council, there is a high risk in the years 2014-2015 that the government estimates the actual structural budget surplus to be bigger than it really is, LETA/Public Broadcasting reports.
From January to August 2014, the state budget received more income from taxes than it had been projected, totalling LTL 12.294 billion (EUR 3.563 billion), reports LETA/ELTA, referring to the Ministry of Finance.
The city of Tallinn budget collected 348.5 mln euros of revenues in the first eight months of the year 2014, forming 67.4% of the annual plan, LETA/Public Broadcasting reports.
Latvian Finance Minister Andris Vilks (Unity) believes that additional financing must be found for defense and the health sector, but added that a large budget deficit cannot be allowed, which would damage Latvia's reputation.
The Estonian Tax and Customs Board collected 479.6 million euros of taxes in August 2014, which is an increase of 3.6% as compared to the same time last year, LETA/Public Broadcasting reports.
The Corruption Prevention Bureau of Latvia (CPB) has decided to halt state funding for the Greens and Farmers' Union in the amount of EUR 79,000 due to various financial violations, reports LETA, referring to LTV.