Sandra Taimre
sandra.taimre @ aripaev.ee
According to the Minister of Finance, Ivari Padar, it is difficult to find solutions to the EEK 13 bln state budget cuts and deficit is not excluded, ERR News writes.
During the last ten years, there have been four budget deficits in Estonia, Padar said in an ETV morning programme. “There is nothing extraordinary in case we go to deficit. It happens and the correct logic in planning state finances is that during the good times we collect reserves and during bad times these reserves are being used,” Padar noted.
According to Padar, additional EEK 4 bln has to be cut form the state budget and in case the government makes no tax policy decisions, he sees no opportunities to avoid minus in next year’s budget.
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