Estonian Fiscal Council: 2022 state budget should be based on slower economic growth

  • 2021-09-30
  • TBT staff
The Estonian economy will grow 9.5 percent this year and 4 percent next year, according to the 2021 summer economic forecast by the Ministry of Finance, released on September 23. However, the Fiscal Council believes it is possible that the 2021-2022 economic growth will prove slower than estimated. In spring 2021, the Fiscal Council forecast that the economic environment may fare better than predicted in the Finance Ministry's prognosis. This time, the Fiscal Council forecasts slower growth mainly because the expectations relating...
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