BRATISLAVA, November 11, (WEBNOVINY) — Government tax revenue collected during ten months of this year lagged behind the projections by approximately 3.3 percent. Tax collection as of late October reached almost EUR 7.1 billion, fulfilling the aliquot portion of the budget by 96.66 percent. Non-tax revenues represented EUR 211.3 million, the Tax Directorate of the Slovak Republic reported on Friday.
Revenue from income tax, profit and capital gains tax reached EUR 1.538 billion, which made up 95.6 percent of the budgeted level. Personal income tax represented EUR 1.334 billion, taking it to mere 89.6 percent of the expected sum. Income tax paid by legal entities amounted to EUR 1.379 billion, translating into 98.9 percent of the budgeted level.
The collection of domestic taxes on goods and services amounted to EUR 5.487 billion in the ten-month period and was 2.49 percent below the plan. VAT collection reached EUR 3.827 billion and accounted for 98.37 percent of the budgeted amount. Excise tax collection stood at EUR 1.66 billion and made up 95.56 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
