Finance Ministry predicts 9.5% GDP growth this year

Finance Minister Keith Pentus-Rosimannus.Photo: Liis Treimann

According to the summer economic forecast of the Ministry of Finance published on Thursday, the Estonian economy will grow by 9.5% this year and 4% next year.

According to the ministry’s calculations, the structural deficit of the government sector, which will form the basis of next year’s budget, will remain at 4.4% of GDP this year, and will decrease to 2.3% next year. rus.err.ee.

The Ministry of Finance predicts a rise in prices by 3.8% in 2021 and by 3.7% in 2022.

Salaries this year should grow by 7%, in 2022 – by 6.7% and in 2023 – by 6%.

According to the Ministry of Finance, the deficit in the nominal budget position of the government sector this year will be 3.3%, and in 2022 – 1.8%.


Source: https://www.dv.ee/ by www.dv.ee.

*The article has been translated based on the content of https://www.dv.ee/ by www.dv.ee. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!