Estonian government's budget surplus increased from last year in 2011, preliminary data released by Statistics Estonia showed Monday.
The general government surplus in 2011 was 1 percent of gross domestic product, higher than the 0.2 percent surplus recorded in 2010, which was revised up from 0.1 percent. Total revenues increased 7 percent annually, while the value of expenditures rose by 5 percent.
The most important role in achieving the budget surplus in 2011 was played by the social security funds, year raised the surplus to 147.7 million euros, the agency said.
At the same time, the general government debt declined to 6 percent of the GDP at the end of 2011 from 6.7 percent in the previous year, which was revised up from 6.6 percent.