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Home > Country Profiles > Estonia

Country Profiles

Financial Outlook

In its 2014 budget the Estonian government managed to go for an increase in civil service pensions and salaries and at the same time to produce a budget that reflects a structural surplus in the GDP of 0.7%. The increase in expenditure planned for 2014 is around €333 million, or 4.35% more than the budget for 2013. However, the government expects tax revenues to increase by some 6.5%. Estonia also plans to run with its lowest taxation levels for six years, with tax amounting to 32.1% of income in 2014. The overall public sector debt burden of 10% of GDP envisaged for 2014 is well under the average state debt level for the European Union. Public sector employees can look forward to a salary increase of some 5.1%. The government intends to promote Estonian industry more heavily in emerging markets, and to this end it is opening an embassy in Brazil in 2014. Estonia spends around 2% of GDP on defense, and this will stay at the same level through 2014.

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Further reading on Estonia

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