The government approved the state budget strategy for 2022-2025, after the two coalition parties, Reform and Center, reached agreement during negotiations this week.
Minister of Finance Keit Pentus-Rosimannus (Reform) said a week ago that the state budget strategy’s main aim for the four years was to support important reforms.
To that end, it has set aside EUR 1.8 billion for the green transition and EUR 340 million towards digital transition.
In the period from 2023 to 2025, government sector investments are set to rise to a record level, to at least EUR 2 billion each year, Pentus-Rosimannus said.
The finance minister also said that government ministries would have to cut expenditures by 5%, which would make a total saving of EUR 60 million.
Each year’s state budget is usually agreed at governmental level in the preceding fall, and is presented for voting at the Riigikogu with a view to passing before year-end.
Tallinn City Government and other regional municipalities also draw their own budget and budget strategy. (ERR/Business World Magazine)