BRATISLAVA, August 21, (WEBNOVINY) –Overall tax revenue of the state budget at the end of July reached 4.918 billion euros lagging behind the level approved in the budget by 8.6 percent over the first seven months. The collected sum represented 53.3 percent of the annual projection, according to the Finance Directorate. Non-tax revenue of the budget at the end of July was 145.3 million euros. Total revenue collection thus reached 5.063 billion representing 94 percent of aliquot part of the budgeted revenue.
The treasury collected 1.308 billion euros in taxes on income, profits and capital gains, representing 99.2 percent of the expected revenue. In local taxes on goods and services, the state budget collected 3.58 billion euros and met the plan to 89.2 percent. Taxes on international trade and transactions brought more than 17.5 million euros to the state budget.
Among the local taxes on goods and services collected, the treasury collected 2.457 billion euros in Value Added Tax (VAT) in seven months of 2012, representing 87.44 percent of the expected amount. State budget revenue from excise duties was 1.123 billion euros at the end of July.
Based on the state budget law for 2012, tax revenue this year should be 9.228 billion euros. Overall revenue of the state budget should be 13.6 billion euros and expenditures 17.3 billion euros. The state budget deficit can thus be a little over 3.6 billion euros.
SITA
