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15.06.2017|Ministry of Finance

The Government decided the mergers of local governments

The Government approved the changes in the administrative territorial organisation at its session today, according to which the mergers will be completed on the basis of the 12 previously made proposals. Six merger proposals were abandoned and four were sent to the regional committees for...
10.05.2017|Ministry of Finance

County government reform progressing well

The draft of the County Government Reform Act, which stipulates the termination of the work of county governments and county governors, is in its first reading in the Riigikogu today. Their functions will be distributed between local governments and state agencies as of the next year. “Changing...
17.04.2017|Ministry of Finance

European Union budget negotiations for 2018 will be led by Special Representative Märt Kivine during the Estonian Presidency

The Government decided that the negotiations about the budget of the European Union for the next year between the Council of the EU, the European Parliament and the European Commission will be led by Special Representative Märt Kivine. Minister of Finance Sven Sester proposed the appointment of...
28.03.2017|Ministry of Finance

Transferring public-sector jobs out of Tallinn

During the March 23rd Cabinet meeting, the government discussed a plan for moving 1 000 public sector jobs out of Tallinn, which would affect approximately 40 state authorities. Each ministry presented proposals for its own area of administration, which would coordinate the organizational...
21.02.2017|Ministry of Finance

Sester: the EU budget must contribute to growth

The Economic and Financial Affairs Council, commonly known as the Ecofin Council, approved its guidelines for the 2018 EU budget today.
20.02.2017|Ministry of Finance

Sester: Less bureaucracy is good for business

Sven Sester, the Minister of Finance of Estonia, presented to other eurozone finance ministers the experience and plans of Estonia to make business simpler: for example, using the information on wages already collected, the Tax and Customs Board for compiling official statistics would make it...
31.01.2017|Ministry of Finance

State revenue in 2016 was 7.6% higher than the previous year

According to the Ministry of Finance, a total of € 8.58 billion of revenue was received by the state in 2016, which is € 603.1 million, or 7.6%, more than the previous year.
18.01.2017|Ministry of Finance

Government approves termination of activities of county governments

At today’s cabinet meeting the Government has decided that all county government activities shall be terminated on 1 January 2018. The local tasks of the county governments shall be transferred to the local authorities and the state tasks shall be transferred to ministries and existing departments.
03.01.2017|Ministry of Finance

Important legal amendments of Ministry of Finance entering into force in 2017

Changes in taxes. People on low income can apply for income tax rebate. The application for a rebate must be submitted with the personal income tax return to the Tax and Customs Board and the rebate will be paid by 30 June. The Tax and Customs Board will pay the rebate on the basis of the income...
10.12.2016|Ministry of Finance

S&P affirms rating on Estonia at AA-, outlook stable

 The international ratings agency Standard and Poor’s has affirmed its AA- long-term foreign and local currency sovereign credit rating on the Republic of Estonia. The outlook of the rating is stable.