Skip to main content

Rescue Service: October 14 from 15:00 to 15:10 a public warning test will be carried out, sirens will sound. No danger. More info on olevalmis.ee

Chapter VIII Finance and the State Budget


§ 111. Eesti Pank has the sole right to issue Estonian currency. Eesti Pank shall regulate currency circulation and shall uphold the stability of the national currency.

§ 112. Eesti Pank shall act on the basis of a law and shall report to the Riigikogu.

§ 113. State taxes, duties, fees, fines and compulsory insurance payments shall be provided by a law.

§ 114. The procedures for the possession, use and disposal of state assets shall be provided by a law.

§ 115. The Riigikogu shall adopt the budget of all state revenue and expenditure for each year in the form of a law.

The Government of the Republic shall submit a draft state budget to the Riigikogu not later than three months before the beginning of the budgetary year.

On the proposal of the Government, the Riigikogu may adopt a supplementary budget during the budgetary year.

§ 116. If a proposed amendment to the state budget or to its draft has the effect of decreasing estimated revenue, increasing expenditure or reallocating expenditure, the initiator shall append financial calculations that demonstrate the sources of revenue necessary to cover the expenditure.

The Riigikogu shall not delete or reduce expenditure in the state budget or in its draft which is prescribed by other laws.

§ 117. The procedure for the drafting and adoption of the state budget shall be provided by a law.

§ 118. The state budget adopted by the Riigikogu shall enter into force at the beginning of the budgetary year. If the Riigikogu does not adopt the state budget by the beginning of the budgetary year, expenditure of up to one-twelfth of the expenditure of the preceding budgetary year may be made each month.

§ 119. If the Riigikogu has not adopted the state budget within two months after the beginning of the budgetary year, the President of the Republic shall declare extraordinary elections of the Riigikogu.