Estonia expects its budget deficit to increase to 4.3% of GDP in 2023 from 0.9% in 2022, according to a Finance Ministry forecast posted by Estonian Public Broadcasting.
- Country’s cooling economy will yield less tax revenue this year as expenditure increases, the broadcaster reports
- GDP expected to decline by 1.5% in 2023, recovering to growth of 3% in 2024, says forecast
- Inflation expected to slow to 9.2% in 2023 and 3% in 2024
- NOTE, from March 28:
Estonian GDP Set for 0.6% Decline in 2023, Says Central Bank
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