IMF advised to postpone coalition promises

  • 2003-08-07
  • Aleksei Gunter
TALLINN - An International Monetary Fund report recommended that the coalition government refrained from implementing some of its drastic fiscal measures, including a cut in the income tax rate, a key promise of the three-party ruling coalition.According to the IMF mission that studied Estonia's macroeconomic indicators from July 21 to Aug. 1, promised measures such as an income-tax-rate decrease and better parental allowances should be postponed to keep the national economy healthy."In our view, the policy initiatives for 2004 and beyond – such as the increase in parents' benefits and tax ...
 
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