By Plenary Sessions: Maris Lauri

The speaker demonstrates profound expertise in the technical aspects of state budget formulation and execution, using terms like activity-based expenditure line items, operating costs, and depreciation. He emphasizes the budget's detail and transparency, referencing analyses from the Ministry of Finance and international comparisons. Furthermore, he is authoritative when clarifying budget terminology and concepts (expenditures versus financial transactions).

The speaker demonstrates profound expertise in macroeconomics, competitiveness theory, and capital accumulation, structuring the analysis around four economic pillars. Specific terminology is employed (convergence, value addition, productivity measurement), and historical context is provided regarding Estonia's economic development since the 1990s. The complexities of research and development (R&D) and labor market activation are addressed separately.