TALLINN, Dec. 11 (Xinhua) -- The Estonian Parliament, Riigikogu, approved the 2025 state budget on Wednesday, setting revenues at 17.7 billion euros (18.5 billion U.S. dollars) and expenditures at 18.2 billion euros (19.1 billion U.S. dollars).
The budget passed its third reading with 56 members voting in favor and 29 against.
In 2025, revenues are projected to increase by 0.9 billion euros (0.94 billion U.S. dollars) or 5.2 percent compared to 2024, while expenditures are expected to rise by 0.6 billion euros (0.63 billion U.S. dollars) or 3.5 percent. The budget allocates 1.9 billion euros (2 billion U.S. dollars) for investments and investment support.
Defense spending is set to account for 3.3 percent of the gross domestic product (GDP). Planned investments include initiatives in the defense industry, information technology, Rail Baltica construction, road infrastructure, building renovations, and renewable energy adoption. ■
