Tuesday, the Statistics Estonia reported that the general government budget's deficit stood at 3% of GDP in 2008. The general government deficit amounted to EEK7.4 billion.
At the same time, the general government debt totaled EEK12 billion and the gross debt to GDP ratio was 4.8%. The statistical office said the general government's gross debt level, which was on a declining trend since 2002, increased sharply in 2008.
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