Budget, Estonia, Financial Services, Taxation

The expenditures reached 1.89 billion euros, 23.2% of the annual plan. As compared to a year ago, both the income and expenditures grew by 12%.

The state budget collected in three months 1.54 billion euros of tax revenue, 23.3% of the annual plan. Non-tax revenue formed 311.8 million euros, 22.4% of the annual plan.

The biggest revenue sources were the social tax revenue of 545 million euros (24.3% of annual plan) and VAT of 402.6 million euros or 24.1% of the annual plan.

The biggest spending articles were main social welfare benefits amounting to a total of 761 million euros or 23.5% of the annual plan.

The government sector budgetary position was by 97.8 million euros (0.5% of GHDP) in deficit at the end of February. At the same time last year the deficit was 138.2 million euros or 0.75% of forecast GDP.