By Months: Aivar Sõerd
Total Months: 9
Fully Profiled: 9
12.2024
8 Speeches
Economic perspectives emphasize fiscal prudence and transparency in budget execution. The speaker affirms that the state's accounting is in good order, but calls for better utilization of performance indicators when formulating fiscal policy. He/She is critical of the reallocation of budgetary resources that bypasses parliamentary oversight.
11.2024
6 Speeches
Economic perspectives support flexibility in financial regulation to encourage investments, specifically by expanding the list of financial assets eligible for the investment account to include crypto assets and crowdfunding instruments. They are also strong proponents of fiscal discipline and cost-based budgeting, criticizing the inefficiency in the use of state funds and the high administrative costs associated with activity-based budgeting.
10.2024
13 Speeches
It supports a stable tax environment and warns that taxation should not be driven by temporarily favorable economic conditions. It stresses that banks already pay substantial income tax (advance corporate income tax on earned profits, which has increased manifold) and that, ultimately, all taxes are paid by the consumer. It warns that introducing a bank tax will diminish Estonia's appeal to financial investors.
09.2024
1 Speeches
Economic perspectives emphasize fiscal discipline and cost savings within public administration. The speaker supports relocating the ministry to more modest premises in order to achieve significant savings, which signals support for austerity measures.
07.2024
1 Speeches
Economic views relate to the prioritization of public sector spending and the redistribution of resources among local governments. The speaker is demanding clear criteria for how the state should decide which local investments (e.g., a community center) to stimulate and which ones (e.g., landscaping) not to.
06.2024
2 Speeches
Economic views focus on financial regulation and pension systems. The speaker is skeptical about the results of deregulating the second pillar of the pension system, as it failed to lead to the expected growth in the number of independent investors. He supports allowing crypto assets to be held in investment accounts, provided they are adequately monitored and regulated by licensed service providers.
05.2024
12 Speeches
He advocates for fiscal prudence and is skeptical of new taxes that might prove ineffective or whose administrative costs have been underestimated. He emphasizes the importance of economic cycles, noting that the period of high profitability for banks is coming to an end due to the decline in Euribor and the increase in interest expenses on deposits. He expresses concern about the rapid growth of Estonia's general government debt, especially when compared to the positive trends seen in other Eurozone countries.
03.2024
4 Speeches
The economic outlook focuses on corporate taxation and fiscal risks. The speaker is concerned that Estonia's use of the derogation when implementing the minimum income tax directive could result in a loss of tax revenue for other countries if the effective tax rate does not meet the full 15% threshold. He/She analyzes in detail the mechanisms for adjusting taxable income (labor costs, fixed assets) and notes that an increase in the income tax rate may reduce the incentive to pay dividends.
01.2024
1 Speeches
The economic views lean heavily towards fiscal discipline and efficiency, as the speaker strongly criticizes the costs associated with creating additional administrative burdens and unnecessary job positions. He/She opposes the growth of bureaucracy that provides no tangible value to Estonia.