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NEWS

Public to shoulder the burden of ‘balanced’ budget

Oct 01, 2008
By Matt Withers

TALLINN - The 2009 draft state budget, received a flood of criticism from the Estonian press following its approval by the government on Sept. 26. The budget announced revenue of 97.8 billion kroons (6.2 billion euros), falling approximately 800 million kroons (51 million euros) short of the 98.7 billion-kroon (6.3 billion-euro) expenditure figure. This represents the first negative balance in an annual budget since Estonia declared independence from the Soviet Union in 1991, and it has been ...


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