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As a further sign of international efforts to crack down on tax offenders, 12 more countries have signed, or committed to sign, the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. In addition, another 6 countries have ratified the Convention.
OECD Secretary-General addresses how Estonia can become more resilient to external shocks and achieve even stronger, more sustainable and inclusive growth at the official launch of the latest OECD Economic Survey of Estonia.
The Secretary-General will present in Tallinn the OECD Economic Review of Estonia, at a joint press Conference with Mr. Andrus Ansip, Prime Minister of Estonia.
Estonia has achieved high growth, but boom/bust cycles need to be mitigated by macroprudential and fiscal policies, and the social costs of volatility reduced by investments in skills and innovation, activation and targeted income support.
Estonia recovered forcefully from the global economic crisis but growth has since slowed, highlighting the need for further reforms that reduce exposure to external shocks and ensure against future boom/bust cycles, according to the OECD’s latest Economic Survey of Estonia.
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Whereas expenditure on education and expenditure per student increased significantly between 2000 and 2009, Estonia has seen the largest drop in education funding since the global recession, compared to other OECD countries.
English, PDF, 249kb
Total health spending accounted for 6.3% of GDP in Estonia in 2010, much less than the average of 9.5% in OECD countries.
The objective of senior budget official country reviews is to provide a comprehensive overview of the budget process in the country under examination, to evaluate national experiences in the light of international best practice and to provide specific policy recommendations.
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This review was prepared to assess Estonia's investment policies so as to provide the OECD Council with a formal opinion on the willingness and ability of Estonia to assume the obligations of membership to the OECD in the field of investment.
The OECD's detailed requirements for data and metadata from each of the Candidate Countries (Chile, Estonia, Israel, Russian Federation and Slovenia) are set out in these individual web sites accessible to authorised users in the countries and in the OECD.