26
IMF sees Estonia deficit above 3 pct/GDP next year
Estonia will need to do more to consolidate its budget next year to keep the deficit at levels required for euro adoption, the International Monetary Fund (IMF) said on Monday.
The government has said it hopes to adopt the single currency in 2011 but a deep recession is hurting its efforts to cap the public sector deficit at 3 percent of gross domestic product (GDP).
'For 2010 all the base line projections show that the deficit will be higher than 3 percent next year,' said Christoph Rosenberg, who headed a mission for regular consultations with Estonia.
He said those looking at Estonia's euro plans should look beyond 2010 and 2011 and it would be important to make important structural changes.
All articles in News
Flight to Tallinn:
Tallinn’s airport, harbours as well as bus and train stations are all located within easy reach of the city centre and Old Town.
Eventful Tallinn:
Tallinn has always been host to festivals, sports competitions and major cultural events. Today, the urban backdrop of the nation’s capital is an important part of the Estonian cultural landscape.
Accommodation in Tallinn:
A wide range of accommodation is available in Tallinn, with the number of choices continually growing.
Useful information:
Official name: Republic of Estonia (in Estonian: Eesti Vabariik).
Capital Tallinn - 397 thousand inhabitants.
The currency is the Estonian kroon (EEK) (1 EUR =15.6466 EEK)
Emergency numbers in Estonia: police 110, ambulance and fire department 112
Popular articles:
- Useful information
- Events in Tallinn – Calendar
- Second-hand car market in Estonia down 26 percent
- Lufthansa: Tallinn Airport
- ”Alko Taxi” Delivers Drinks on Wheels
- Elisa Eesti Demonstrates Superfast 4G Internet in Central Tallinn
- Medieval Town with Middle Ages Charm
- Tallinn is offering the City Hall to US billionaire Lauder’s
- Tourists name Tallinn the most romantic town in Scandinavia and Baltics
- Why Estonia wants to join the troubled euro