Fiscal Frontrunner

April 2005
Emerging Europe Monitor: Central Europe & Baltic States;Apr2005, Vol. 12 Issue 4, p10
Country Report
Country Report
The article reports that Estonia's public finances are sound and meet eurozone entry criteria. Of the Baltic States, Estonia is judged by the Commission to stand the best chance by far of avoiding a budget deficit of more than 3% of Gross Domestic Product, even in the event of cyclical fluctuations in economic activity. Moreover, only Estonia is regarded as being firmly on course to achieve and maintain a budget position close to balance or in surplus over the medium term --a policy commitment required of all European Union states. The article informs that the government's macroeconomic scenario has been slightly revised since the European Commission completed its analysis.


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