Estonian Cabinet Approves State Budget Strategy for 2022–2025 and the Initial State Budget for 2022

The Estonian government has issued a release announcing the approval of the state budget strategy for 2022–2025 and the initial state budget for 2022 by the cabinet on 29 April 2021, including a focus on better public finances with less spending that will reduce the pressure for tax increases. With this focus, tax measures are limited and, according to the release, include a tax exemption for pension income from 2023, up to the average pension amount. The only other budget tax measure is pro…