State budget bill passes second reading

The 2021 state budget bill passed its second reading at the Riigikogu Thursday evening.

The bill puts state budget expenditures at €13 billion, and revenues at €11 billion, and is based also on Ministry of Finace forecasts for Estonia’s GDP to rise 4.5 percent in 2021, having been projected to fall 5.5 percent this year in the wake of the coronavirus pandemic.

The overall government budget is projected to be in deficit to the tune of around 6.7 percent next year. 

The bill must now pass its third reading; deadline for amendments is the end of this month, with a view to the bill passing into law before year-end. 

A consolidated table of amendments was adopted by the Riigikogu’s finance committee, from 44 amendments tabled.

Twenty-five MPs addressed the house during the course of the negotiations; the opposition Reform and Social Democratic parties proposed the second reading be suspended, but were defeated in a vote 54-41, at the 101-seat Riigikogu. 

Read more: ERR.EE

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