TALLINN -- The Estonian government has released a draft version of next years budget in which spending is significantly up in a number of key areas.
The budget foresees a defecit of around 2.1 percent of GDP -- much of which is the result of expenses incurred on the sale of carbon credits this year. The budget also includes an increase to state investment of more than 9 percent and to social spending of about 10 percent.
The draft budget was approved by the government on Sept. 22 and will now have to be passed by Parliament.
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