Estonia releases draft 2012 budget

  • 2011-09-23
  • TBT Staff

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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