BRATISLAVA, December 3, (WEBNOVINY) — Introduction of taxation of revenues from sale and possession of emission allowances should bring as much as EUR 70 million in the state budget next year, according to the amending proposal tabled by Jozef Kollar (SaS), Ondrej Matej (SDKU-DS) and Ivan Svejna (MOST-HID) in parliament on Friday. Their proposal assumes revenues from taxation of emission allowances at EUR 69.5 million. They however admit that such sum might not be reached. The coalition therefore increases expenditures in the budget chapter General Treasury Administration by over EUR 60 million. “Expenditures from the chapter General Treasury Administration have been increased on account of potential shortfall in revenues from the sale of emission allowances and tax on sale of emission allowances,” reads the proposal. The budget thus counts on net revenues from introduction of the emission tax at EUR 9.5 million.
The amending proposal also comprises other changes, including reduction in expenditures of the Transport Ministry for construction of highway and dual carriageways by EUR 8.2 million because of the failure to approve higher excise tax on beer. “Expenditures in the chapter of the Transport Ministry are to be reduced eliminate the shortfall of revenues from the excise tax on beer, after the amendment suggesting the excise tax hike was turned down,” explain submitters of the amending proposal. In addition to this, the ruling coalition has already indicated that expenditures of the Parliamentary Office should increase by EUR 2.3 million for provision of “trouble-free operation” of the legislative assembly and EUR 300,000 should be also be injected in the budget of the Presidential Office for reconstruction of the Presidential Place.
Changes that have resulted from coalition discussions on the draft budget bill and bills related to the next year’s budget should reduce next year’s budgetary deficit by over EUR 23 million. The amending proposal projects next year’s revenues to total EUR 13.148 billion compared with originally projected EUR 13.092 billion against expenditures at EUR 16.958 billion, which were initially planned at EUR 16.926 billion. The deficit should thus amount to EUR 3.81 billion compared with previously calculated deficit of EUR 3.833 billion.
SITA