Posts tagged as State Budget Act

Estonia could borrow up to EUR 200 mln a year

Friday, March 22, 2019

After changing the State Budget Act, the Estonian state could borrow up to 200 million euros every year, but the economy doesn’t need that money now, Sven Kirsipuu, head of the fiscal policy department at the Ministry of Finance. “The borrowing capability of the Estonian state is very big, but the budget rules that constrain us speak not of the loan burden but of deficit or surplus of the budget.…