Minister of Finance, Jürgen Ligi, will address the prestigious Centre for Policy Studies in London on 28th September about how Estonia navigated the global financial crisis to deliver strong economic and fiscal performance.
Finance Minister, Jürgen Ligi, will address the prestigious Centre for Policy Studies in London on 28th September.
Faced with shrinking revenues and an economic crisis in 2008, the IMF forecast that Estonia would have a budget deficit of more than 10% of GDP in 2009 on unchanged policies. Acting decisively the government cut spending drastically, liberalised employment laws and maintained its business friendly tax system.
