Economic Policy and Forecasts

Economic Policy

According to EU rules on the coordination of budgetary policies the Member States of the European Union must annually submit updated stability and convergence programmes (members of the eurozone and the Member States who are not using the euro, respectively).

Estonia is a full member of the European Economic and Monetary Union (EMU) since 1 January 2011 and submitted its Stability Programme to the European Commission and the Council of the European Union for the second time in 2012. The submission and assessment of stability and convergence programmes is an important part of the coordination and monitoring of the economic policy of the European Semester.

The Commission and the Council assess the stability and convergence programmes within the scope of the European Semester before the most important decisions are made in the preparation of the budgets of Member States in order to give policy recommendations on fiscal policy intentions if necessary.

Estonia's fiscal policy remains in line with the Stability and Growth Pact. The Stability Programme was prepared in parallel with the national State Budget Strategy in consideration of the government’s goals and policies, which are stipulated in the Coalition Programme and other strategic documents.
    Headline   Size  type
24.10.2016 Estonian 2017 draft budgetary plan 1.6 MB pdf
30.06.2016 Estonian Stability Programme 2016 3.0 MB pdf
29.10.2015 Estonian 2016 draft budgetary plan 1.1 MB pdf
29.10.2015 Estonian Stability Programme 2015 2.6 MB pdf
24.10.2013 Estonian 2014 draft budgetary plan 1.6 MB pdf
28.05.2013 Estonian Stability Programme 2013 (corrected on 26.06.2013) 2.1 MB pdf
25.03.2012 Estonian Stability Programme 2012 1.4 MB pdf
27.04.2011 Estonian Stability Programme 2011 3.7 MB doc
28.01.2010 Estonian Updated Convergence Programme 2010 1.1 MB pdf

Economic Forecasts

The Ministry of Finance prepares an economic forecast twice a year (in the spring and summer), which is the basis on which the State Budget Strategy, Stability Programme and State Budget are prepared.

The latest forecast was published on September 15, 2016.

    Headline   Size  type
12.10.2015 Summer 2015 Macroeconomic Forecast of the Ministry of Finance of Estonia 721.4 KB pdf
02.09.2014 Summer 2014 Macroeconomic Forecast of the Ministry of Finance of Estonia 839.1 KB pdf
11.04.2014 Spring 2014 Macroeconomic Forecast of the Ministry of Finance of Estonia 865.3 KB pdf
21.10.2013 Summer 2013 Macroeconomic Forecast of the Ministry of Finance of Estonia 259.4 KB pdf
19.04.2013 Spring 2013 Macroeconomic Forecast of the Ministry of Finance of Estonia 257.5 KB pdf
31.08.2012 Summer 2012 Macroeconomic Forecast of the Ministry of Finance of Estonia (24. September) 201.0 KB doc