Government endorses Estonia's financial report for 2016

  • 2017-08-17
  • LETA/TBT Staff

TALLINN – The government has approved the financial report of the Estonian state for 2016, which offers an overview of the achievement of the goals set out in the state budget, the financial standing of the state, economic performance and cash flows.

Expenditures of the budget and investments totaled 8.55 billion euros, equaling 93.6 percent of the sum total set out in the budget. Income totaled 8.58 billion euros, 98.8 percent of the sum total shown in the budget. Income exceeded the expenditures paid for by 34 million euros.

Assets of the state as at year-end totaled 16.5 billion euros, of which capital assets accounted for the biggest portion. Total assets of the state increased by 171 million euros.

Consolidated liabilities of the state totaled 7.4 billion euros, 338 million euros more than the year before. Loan commitments totaled 2.9 billion euros, being 15.9 million euros smaller than at the end of 2015.

The state's financial report for 2016 will be submitted to the Riigikogu for approval. The report will be accompanied by an audit report prepared by the National Audit Office, which is to be published shortly.