Estonia's Budget Deficit At 2.5% In Jan-May Period: Finance Ministry News Wireupdated Jul 29, 2010TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity. (RTTNews) - Estonia's budget deficit was nearly EEK 5.3 billion, which is 2.51% of the GDP, for the first five months of this year, the Finance Ministry said Thursday. The deficit was in line with expectations as the beginning of the year traditionally records lower tax receipts. The ministry expects the deficit to stabilize in the second half of the year due to increase in revenue collection following higher tax revenue and dividends. The government's total revenue by the end of June amounted to EEK 40.1 billion, of which EEK 29.9 billion was collected through taxes. Expenditure for the first half of the year totaled EEK 42.1 billion. During the six month period, the investments added up to EEK 3.2 billion, which was 39.1% of the planned expenditure. From January next year, Estonia will join the euro currency bloc as the 17th member. Estonia's general government deficit fell to 1.7% of GDP, below the 3% EU threshold, in 2009 and the gross debt level stood at 7.2% of GDP.For comments and feedback: contact firstname.lastname@example.org Copyright(c) 2010 RTTNews.com, Inc. All Rights ReservedEditorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.