National Debt Passes 10% of GDP ({{commentsTotal}})

Business
Business

According to latest figures released by Statistics Estonia, the 2013 budget deficit was 0.5 percent and state debt 10.1 percent of GDP.

The national debt level increased by 10.3 percent in 2013, reaching 1.9 billion euros or 10.1 percent of GDP.

Estonia's national debt was only one billion euros in 2011.

Some of the increasing debt comes from loans from the European Investment Bank (EIB), which are being used to provide matching funds for projects co-financed with foreign capital, including EU funding. Other sources include changes in governmental social benefits in the last budget.

Last year's budget deficit was around 0.5 percent of GDP amounting to 89 million euros.



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

news.err.ee

Opinion
Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.