Estonia gross debt reached 18% of GDP in 2020

Debt

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Last year, the Estonian general government deficit was 4.8% and the gross debt level was 18% of the gross domestic product (GDP), the preliminary data by Statistics Estonia (SE) showed on Thursday.

In 2020, expenditures exceeded revenues both for central government and for social security funds; their deficits were EUR 991 and 320 million, respectively, said Evelin Ahermaa, leading analyst at the statistics agency.

The general government consolidated debt (Maastricht debt) amounted to nearly EUR 5 billion by the end of 2020, doubling compared to a year earlier.

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