Padar calls for budget cuts

Archived Articles | 10 Nov 2008 | EWR OnlineEWR

TALLINN, Nov 10 (Reuters) - Estonia's finance minister called on Monday for further cuts to the 2009 budget as the country bids to stay on track to adopt the euro and make sure its budget deficit stays within European Union limits.

'We must be sure that in the coming year we meet the euro convergence criteria and in 2009 we must seek to make additional spending cuts of around 1 percent of GDP to those already in the 2009 budget', Finance Minister Ivari Padar said in a statement.

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