Estonia's Ministry of Finance forecasts tense fiscal situation in the coming years
Estonia's economy is forecast to grow 2.5 percent this year, while rising defense spending and tax changes are expected to push the budget deficit to 4.4 percent of GDP, according to the Ministry of Finance's summer economic forecast.
Estonia's economy is forecast to grow 2.5 percent this year. The Ministry of Finance's summer economic forecast also predicts a budget deficit of 4.4 percent of GDP, driven by increased defense spending and tax changes.
The forecasts suggest a tense fiscal situation in the coming years. Rising defense spending and tax changes are expected to impact the budget.
No further details on the economic forecast or budget deficit are available from the provided reports.
Brief written by urgent.news from ERR News Estonia, Malay Mail, New Straits Times — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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