The Estonian parliament has passed the draft state budget law for the year 2022, earmarking defence spending that equals 2.3% of the Baltic nation’s gross domestic product (GDP), Estonian public broadcaster ERR reports.
The state finance plan drafted by the government of the Reform Party and the Centre Party was adopted in its final reading on Wednesday, December 8, with 59 votes out of a total of 101.
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The key priorities in the budget are: controlling the state’s regular spending, investing in people and investing in rapid and sustainable development of Estonia. The government plans revenues of 13.132 billion euros and spending of 13.633 billion euros next year.
The defence sector will receive spending worth 2.3% of GDP, while research and development spending is expected to equal one percent of Estonian GDP, ERR reports.
Estonia adopts state budget with defence spending equalling 2.3% of GDP
