Estonia’s Budget Surplus Widened to 1.1% of GDP in 2011
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Estonia’s budget surplus was revised higher to 1.1 percent of gross domestic product last year, helped by European Union aid.
The surplus compares with the previous year’s 0.2 percent and the preliminary figure of 1 percent, published in March, the Tallinn-based statistics office said on its website today. EU subsidies helped the central government, which accounts for a 75 percent share of the total budget, accumulate its first surplus in three years. The social insurance funds contributed the biggest part of the surplus, it added.