According to preliminary data from Statistics Estonia, the country’s gross debt level in 2020 was 18% of the gross domestic product (GDP). The general government deficit was 4.8%. The general government sector comprises three sub-sectors: central government, local governments and social security funds. According to Evelin Ahermaa, an analyst at Statistics Estonia, last year, expenditures…
Latvia’s state budget program for emergencies will be increased by another EUR 500 million this year, to EUR 1.32 billion. Initially it was planned to allocate EUR 26.73 million towards this budget program in 2021. In January, Finance Ministry submitted an order to the government and Crisis Management Council to increase this amount by EUR…
In January, state debt of Kyrgyzstan reached $750.6 per capita. The debt burden increased by $3.8 over the month. According to the Ministry of Finance, as of January 31, the state debt (external plus internal) of Kyrgyzstan amounted to $4,954.11 billion (420,108.67 billion soms), including $4,221.61 billion (357,992.44 billion soms) of external and $732.5 million…
The total public debt of Uzbekistan until the end of 2021 is projected to reach $28.3 billion (45.3% of GDP), according to the “Budget for Citizens” report, compiled by the Ministry of Finance. The total debt last year was $23.3 billion and in 2019 – $17.8 billion. “Despite the growth dynamics, the public debt remains…
A representative of the Ukrainian President Volodymyr Zelensky’s Office says that the structure of Ukraine’s exports should be changed by promoting domestic products with high added value onto foreign markets. This was stated by deputy head of the Office of the President of Ukraine Ihor Zhovkva at a meeting of the Council of the Ukrainian…
In February, the growth of Ukraine’s retail trade turnover was 5.6% compared with 3.5% in January, according to the press service of the Ministry of Economy, Trade and Agriculture Development. In January-February, Ukraine’s retail trade turnover increased by 4.6%. “The positive dynamics of the industry, first of all, shows the resumption of activity in most…
Tax and insurance payments arrears of entrepreneurs could be restructured, the Ministry of Economy and Finance of Kyrgyzstan reports. The ministry noted that a law was signed in August 2020 on restructuring arrears on accrued interest, penalties, tax sanctions and fines on insurance payments. It was adopted to support citizens, business and the financial sector…