International comparative studies mostly define Estonian economic model as free market economy.
Paul Tammert
M.A., Economics
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International comparative studies mostly define Estonian economic model as free market economy.
The budget of the public sector determines the trustworthiness and effectiveness of a state and has a significant effect on other sectors within it. As a result, the organisation of budgeting continues to remain a subject for topical discussion. Different budgeting methods have their respective strengths and weaknesses: if the mathematical time sets method is suitable for financial managers then the result-based verbal method is much more suitable for politicians. The price of realising these methods is also very different.