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Estonian Riigikogu approves of 2015 budget

BC, Tallinn, 11.12.2014.Print version
The Estonian Riigikogu approved on Wednesday the 2015 state budget, which has revenues of 8.45 billion and expenditures of 8.54 billion euros planned in it, LETA/Public Broadcasting reports.

56 MPs voted for and 35 against the bill.

 

The revenue is planned to grow by 7% as compared to this year and expenditures 6%.


Government sector's fiscal position will have a structural surplus of 0.8% of gross domestic product. The state budget has been compiled on the basis of forecast economic growth of 2.5% of GDP.

 

To guarantee the state's preparedness for coping with internal and exterior dangers, the defence expenditures increase to 2.05% of GDP or by 28 mln euros to 412 mln euros. Internal security funding grows by 5.3% to 425 mln euros.

 

The public sector payroll funds will be increased by at least 3%.

 

Social protection sphere expenditures will grow by 7.2% to 2.86 bln euros. First and second child support will be increased from 19.18 to 45 euros a month and third child support grows from 76.7 euros to 100 euros. Pensions increase by 5.9%, the average old-age pension grows from 353 to 374 euros. Free school lunches will be introduced for high school students, in addition to elementary and middle-school children who already get free school lunches.

 

Income tax will fall from 21 to 20% and unemployment insurance tax from 3 to 2.4%.


Government sector real estate investments form 863.5 million euros.






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