Estonia: Government approves 2022 state budget

The Estonian government at a sitting on Thursday approved the 2022 state budget bill.

Prime Minister Kaja Kallas (Reform) will present the state budget bill to the parliament at a sitting of the Riigikogu starting at 10 a.m. on Thursday.

Minister of Finance Keit Pentus-Rosimannus (Reform) has previously said the volume of revenue of the state budget is slightly over €13 billion and the amount of expenditures is between €13.5-13.6 billion.

She added the state budget will reduce the structural deficit by €400 million and the nominal deficit is set to decrease by €300 million.

Due to the state having been able to contain its expenditures, Estonia will fulfill the EU budgetary rules once more next year and will reach a smaller deficit than the permitted 3 percent.

The state’s debt burden meanwhile remains around 20 percent and totals slightly less than €6.5 billion.


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