Borrowing from Peter to pay Paul?

  • 1999-01-28
  • Rebecca Santana
TALLINN - Reports that the treasury is having trouble paying its bills may be a sign that the Estonian government is facing a budget deficit, but government officials say that it's too early to panic. "I don't very much agree with the opinions of some of the newspapers that there are liquidity problems. It's normal that in January, the beginning of the year, the collection of taxes is very low. It has been the same problem in previous years," said Aivar Soerd, head of the Estonian Tax Board. According to a report in the Estonian business paper Aripaev, the budget deficit was already at 100 ...
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