The Ministry of Finance
The Ministry of Finance is the government’s expert in the implementation of tax, financial and fiscal policies, and setting economic goals.
We maintain a strong fiscal policy and a stable, simple tax system to provide maximum support for macroeconomic stability, the economy’s growth potential and employment, and to restore the competitiveness and reliability of the financial environment. Efficient cooperation with international organisations, especially with the European Union, is important to us, because the decisions made there have an ever-increasing impact on the national economic environment. Sustainable financing of the health care and pension insurance systems with an aging population is also a challenge. The importance of administrative policy is also growing, because combining the state’s support activities and coordinating public service converges in the Ministry of Finance.
Areas of activity of ministry:
- planning and implementation of the state’s fiscal policy;
- planning tax and customs policy, and maintaining a stable tax system;
- economic analysis and economic forecast;
- development of the public service;
- reviewing applications for permits for aid granted by the state to business (state aid) and advising aid donors;
- advising suppliers and tenderers on carrying out public procurements and supervising public procurements;
- collection of national statistics;
- organising and coordinating the implementation of the government’s internal control system and the professional activities of internal auditors;
- state accountancy;
- allocating the state’s financial assets and liabilities, foreign aid and loans granted to the state;
- coordinating the aid available to Estonia;
- financial and insurance policy;
- planning and coordinating the state’s real estate and participation policy.