17.04.2017

European Union budget negotiations for 2018 will be led by Special Representative Märt Kivine during the Estonian Presidency

The Government decided that the negotiations about the budget of the European Union for the next year between the Council of the EU, the European Parliament and the European Commission will be led by Special Representative Märt Kivine. Minister of Finance Sven Sester proposed the appointment of Märt Kivine as the Special Representative to the Government.

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State Budget 2017

The planned expenditures of the draft state budget for 2017 are 9.57 billion euros, a growth of 7.3 percent or 650 million over the 2016 budget. The general government budget is projected to reach a structural surplus of 0.2 per cent of GDP.

Defence expenditures will reach an all-time high of 477 million euros, surpassing 2 per cent of forecast GDP.Read more

Summer 2016 Forecast

The gross domestic product of Estonia will increase by 1.3 per cent in 2016 and 2.5 per cent in 2017.

Consumer price inflation will be 0.2 per cent in 2016 and will resume to 2.7 per cent in 2017.

The unemployment rate is expected to remain steady at 6.2 per cent in 2016 and rise slightly to 7.2 per cent in 2017.



Mistakes or Delays in Payments

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More information by phone +372 611 3819 or e-mail abi dot kassa at fin dot ee