Home / Knowledge / News / Association/Org / Fall in general government's debt level lasts

Fall in general government's debt level lasts

31
Mar '08
According to preliminary data of Statistics Estonia, the Estonian general government sector surplus in 2007 was 2.8% and consolidated gross debt level was 3.4% of Gross Domestic Product (GDP). As in previous years, the general government gross debt level continued to fall last year.

In 2007, the total revenues of the general government sector consolidated budget exceeded the expenditures by 6.9 billion kroons. The central government sector surplus was 2.5% of GDP and the surplus of social security funds was 0.6% of GDP. Reached surplus in 2006, the local governments sector's consolidated budgets fell in deficit again: -0.3% of GDP.

The general government gross debt level in 2007 decreased compared to the last two years. At the same time the central government's debt level decreased 10% compared to 2006, the borrowing of the local governments sector increased by 9%, accounting for 69% of the gross debt.

After the consultations with Eurostat Statistics Estonia decided to reclassify to the general government sector several public limited companies and foundations whose economic activity by the rules of national accounts do not meet the conditions of the market producer.

The impact of the reclassification decisions are already accounted in the calculations of the general government deficits and debt levels.

General Government Sector comprises, in addition to State and Local Government institutional units, the State and Local Governments extra-budgetary funds and foundations, public-legal institutions and non-market producing public enterprises.

The General Government sector consolidated budget represents in addition to the balance of revenues and expenditures of the State and Local Governments own budgets also the balance of revenues and expenditures of the State and Local Governments extra-budgetary funds and foundations, public-legal institutions and non-market producing public enterprises budgets.

Statistical Office of Estonia


Must ReadView All

Pic: Shutterstock

Textiles | On 21st Jan 2021

Vietnam's garment-textile sector eyes $39 bn in exports

Vietnam's garment-textile sector has set a target of $39 billion in...

Pic: Shutterstock

Fashion | On 21st Jan 2021

Mila Fashion to open apparel plant in Sri Lanka's Welioya

US-based Mila Fashion, part of the Design Studio Group, recently...

Pic: Citi Trends

Retail | On 21st Jan 2021

Citi Trends to open 100 new stores by fiscal 2023-end

Citi Trends, Inc, a US-based value-priced retailer of fashion...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

It is a well-calibrated budget

Poojaa Kumar Deepak, Zeven

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Top executives, Textile industry

Top executives
Textile industry

The budget will give major impetus to textile and apparel consumption

Dr. Vijaya Kumar,

Dr. Vijaya Kumar

Dr MM Kariappa founded the Vogue Institute of Art & Design in 1996....

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search