Budget trimmed by 800 million kroons

  • 1998-11-26
  • Denise Albrighton
TALLINN - The government has backed down under pressure from the opposition and agreed to cut Estonia's 1999 budget by 800 million kroons ($59.3 million). The about-face comes after the government's draft 1999 budget was thrown out by the Parliament at its first reading at the end of October, setting a precedent and possibly forcing the government's eventual resignation. According to Estonian law, the budget has to be passed by Parliament by March 1999, otherwise the government would have to step down. The government has now lowered the growth estimate from 6 percent to 4 percent. The Parl...
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