BRATISLAVA, December 11, (WEBNOVINY) — Government tax revenue collected over the first eleven months of 2011 represented 88.8 percent of the overall projections for the year. Tax collection as of late November reached EUR 7.801 billion, which was EUR 254 million or 3.2 percent less than the plan. Non-tax revenues represented EUR 227.4 million, data of the Tax Directorate of the Slovak Republic show.
Revenue from income tax, profit and capital gains tax reached EUR 1.661 billion, which made up 93.9 percent of the budgeted level. Personal income tax represented EUR 1.48 billion, taking it to 90.3 percent of the expected sum. Income tax paid by legal entities amounted to EUR 1.487 billion, translating into 96.95 percent of the budgeted level.
The collection of domestic taxes on goods and services amounted to EUR 6.084 billion in the eleven-month period and was 1.7 percent below the plan. VAT collection reached EUR 4.25 billion and accounted for 99.33 percent of the budgeted amount. Excise tax collection stood at EUR 1.833 billion and made up 95.95 percent of projections.
According to the effective law on state budget, this year’s projected budget revenue is to reach EUR 13.148 billion, expenses should reach EUR 16.958. The budget deficit should thus reach EUR 3.81 billion. The general government deficit, including not only spending of the state, but of other public institutions as well, is expected to reach 4.9 percent GDP in 2011.
SITA
