Estonia's ex-central banker on budget: There are no free lunches

  • 2020-10-30
  • BNS/TBT staff
The 2021 state budget relies too heavily on borrowed money and the planned deficit is too large which will cost Estonia sometime in the future, Ardo Hansson, former governor of the Bank of Estonia, said on ETV politics talk show "Esimene stuudio" ("First Studio"). Any estimations for the future must assume that next year will be better than the current one, if the virus does not change substantially and there will be no closures to the extent that we have seen to date, Hansson, who served as the governor of Bank of Estonia from 2012 to 2019, said. ...
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