Estonia determined to have balanced budget in next years

The Estonian government should run a slight structural fiscal surplus in 2017 and should have balanced budget in the next three years, PM Taavi Roivas said in relation to the preparation of the Stability Programme for 2017-20. According to the programme, which should be completed by end-April, the government should concentrate on the security, promotion of economic growth, social protection and administrative reform. It also plans to increase further the tax-exempt income, cut social tax, introduce tax reimbursement to low-paid workers and hike family allowances.

According to IMF’s latest fiscal monitor, Estonia’s general government should run a balanced budget in 2017-21. In cyclically adjusted terms, the government should record slight surpluses in most of the years during the period.

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