Estonian governor criticises government’s fiscal stance

Spending was too high before coronavirus, and is making all citizens poorer, argues Madis Müller

bank-of-estonia
The Bank of Estonia

Estonia’s central bank governor has publicly criticised the country’s government over its stance on fiscal policy, saying spending should be cut in 2022 if possible.

Bank of Estonia governor Madis Müller said fiscal policy was already too loose before the coronavirus pandemic, in a strongly worded social media statement. He publicly criticised the government’s apparent willingness to carry on running a large fiscal deficit beyond 2022.

Müller posted a lengthy thread of posts in Estonian on

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