Posts tagged as finance committee

Estonian Finance Committee approves bill to terminate tax exemption for home loan interest

Monday, June 7, 2021

The parliament’s finance committee decided on Monday to pass on to the plenary a bill that would abolish the income tax exemption for home loan interests in Estonia from next year. Chairman of the finance committee Erki Savisaar said that in accordance with the bill, it will no longer be possible to deduct the interests paid on home loans in the income tax returns to be filed for 2022. “The bill…

Riigikogu’s finance committee to IMF: Estonia structural deficit to improve next year

Friday, May 7, 2021

Estonia’s structural deficit in 2022 will improve by two percentage points to 3.4 percent of Gross Domestic Product, members of the Riigikogu’s finance committee told the International Monetary Fund (IMF) Thursday. Speaking to the IMF via remote video link, the committee also said that in the years after 2022, the structural deficit will also fall by at least 0.5 percent of GDP per year, as required by fiscal rules. The…

Finance minister urges austerity as Lithuania’s debt risks breaking EU rules

Wednesday, July 29, 2020

Lithuania’s Finance Minister Vilius Šapoka says the government should not raise its 2021 spending for boosting consumption, as the country is close to breaking eurozone rules on government debt. “[The Finance Ministry] will propose a safe government budget,” Šapoka told the parliamentary Budget and Finance Committee, which is working on next year’s government spending bill, on Wednesday. “What does ‘safe’ means? Raising spending for consumption would not be safe.” He…

Estonian parlt committee starts handling next year’s state budget

Tuesday, October 9, 2018

The finance committee of the Estonian parliament at a sitting on Monday started handling the draft legislation of next year’s state budget, the committee sent the bill for first reading at the parliament’s plenary sitting on October 17. Finance Minister Toomas Toniste said that the basis for next year’s state budget is an economic growth of 3 percent. Compared with 2018, the income along with transferable taxes will increase 639.5…