Budget, Estonia, Financial Services, Investments, Taxation
International Internet Magazine. Baltic States news & analytics
Saturday, 20.04.2024, 07:31
Estonia's fiscal receipts increased by 7.9% in January-September
Investments financed during the period totaled 278.3 million euros, of which 249.9 million euros was money invested by institutions of the state and 28.5 million euros investment support. The sum total of investments by state institutions grew by 22.7% compared with the end of September 2016. By the end of the period 75.5% of the budget of investments for 2017 had been spent.
Of expenses, only financial expenses decreased. Money disbursed as support, labor and administration costs and other costs all were bigger than in January-September 2016.
The State Treasury had financial assets worth 1.29 billion euros at the end of September, of which 876.1 million euros was in the liquidity reserve and 412.6 million euros in the stabilization reserve. Since the beginning of the year the sum total of liquid assets managed by the treasury had increased by 97.8 million euros or 8.2%, including the liquidity reserve by 91.2 million euros and the stabilization reserve by 6.6 million euros.