Table 1. Estonia: Quantitative Performance Criteria Under the 1997–98 Program 1/
Performance
Outcome
Criteria
(In millions of kroons)
I. Minimum level of general government balance (surplus:+,deficit:-):
From January 1-December 31, 1997
280
1,326
From January 1, 1998 to:
March 31, 1998
300
197
June 30, 1998
520
...
September 30, 1998 2/ 1,100 ...
December 31, 1998 2/ 1,900
...
(In millions of kroons)
II. Minimum level of general government balances invested
abroad in the Stabilization Reserve Fund for:
December 31, 1997
700
700
March 31, 1998
900
1,000
June 30, 1998 1,100
...
September 30, 1998 3/ 1,800
...
December 31, 1998 3/ 2,800
...
(In millions of deutsche marks)
III. Minimum levels for net international reserves of
the Bank of Estonia:
September 30, 1997
197
197
December 31, 1997
205
207
March 31, 1998
210
234
June 30, 1998
215
...
September 30, 1998
225
...
December 31, 1998
235
...
IV. Ceilings on external short-, medium-, and long-term debt of genera