Estonia - Government Budget Balance





Estonia: Government Budget Balance

Mnemonic GVBAL.IEST
Unit Mil. EUR, NSA
Adjustments Not Seasonally Adjusted
Quarterly NaN %
Data 2019 Q4 0
2019 Q3 0

Series Information

Source Statistics Estonia
Release General Government Debt
Frequency Quarterly
Start Date 3/31/1999
End Date 12/31/2019

Estonia: Government

Reference Last Previous Units Frequency
Government Budget Balance 2019 Q4 0 0 Mil. EUR, NSA Quarterly
Government Expenditures 2019 Q4 0 0 Mil. EUR, NSA Quarterly
Government Revenues 2019 Q4 0 0 Mil. EUR, NSA Quarterly
Gross External Debt 2019 Q2 22,044 20,657 Mil. EUR, NSA Quarterly
Outstanding Public Debt 2019 Q2 2,519 2,130 Mil. EUR, NSA Quarterly
Outstanding Public Debt - Foreign 2019 Q2 1,957 1,518 Mil. EUR, NSA Quarterly

Release Information

Government gross debt comprise all financial liabilities of general government, typically mainly in the form of government bills and bonds.

Government finance statistics are based on the detailed data about the budget execution of central and local governments and other general government units’ detailed financial statements. In addition, the reports on General Government claims and liabilities to monetary financial institutions and financial subsidiaries are used. The International Investment Position is used to evaluate General Government liabilities to Rest of the World sector (S.2).

General Government Consolidated Debt data are compiled by Statistics Estonia in accordance with the European System of Accounts (ESA 2010). The methodological advice of the Manual of Government Deficit and Debt is also followed.

There is an exception from ESA 2010 methodology with relation to general government debt. The valuation of debt differs from ESA 2010 valuation of financial liabilities. While ESA 2010 values financial assets and liabilities in market value (wherever possible), the general government debt is valued at nominal value.

Definitions

Currency and deposits (AF.2) – currency, transferable deposits and other deposits.

Debt securities (AF.3) – negotiable financial instruments serving as evidence of debt.

General government (S.13) – institutional units, which, in addition to fulfilling their political responsibilities and their role of economic regulation, produce principally non-market goods or services. In Estonia, the General Government sector comprises the following sub-sectors: Central Government (state budget units and extra-budgetary funds, foundations, public-legal institutions), Local Governments (city and local municipality administrations with their subsidiary units, foundations) and Social Security Funds (Health Insurance Fund, Unemployment Insurance Fund).

General Government consolidated debt – or „Maastricht debt”, means total gross debt at nominal value outstanding at the end of the period and consolidated between and within the sectors of general government. General government debt is equal to the sum of liabilities of the general government sector in the following categories: currency and deposits (AF.2, general government has no liabilities concerning currency and deposits in Estonia); debt securities (AF.3) and loans (AF.4).

Loans (AF.4) – loans between institutional units. They are divided into short-term (F.41 and AF.41) and long-term (F.42 and AF.42) loans. Also leasing and repurchase agreements are regarded as loans.

Data may be subject to revisions.