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Lithuania : In January, state and municipal budgets surpassed planned budgets.

According to the data of the Ministry of Finance, in January this year the state budget and municipal budgets earned 1.6% of revenue. (11.4 million euros) more than forecast and 4.4%. (EUR 30.8 million) more than in the same period last year. The total revenue for January of these budgets is projected to be 724.3 million. Euro, actual - 735,7 mln. euro

The plan for collecting revenues from the state budget was executed at 100.8%, 605.3 mln. euro It is 4.8 million. more than forecast and EUR 26.3 million. Euro (4.5%) more than in January last year.

Revenues from VAT amounted to 451.5 million. EUR 18 million. Euro (4.1%) than last year at the same time and 2.8 mln. Euro (0.6%) more than expected.

For all excise goods in January, 118.7 mln. EUR 0.6 million The euro (0.5%) is more than forecast and 10.9 mln. the euro (10.1%) more than last year at the same time.

At that time, corporate income tax accounted for 1.7 mln. EUR 136 thousand (8.7 per cent) more than forecasted.

In January, residents' income tax revenue to the state budget and municipal budgets was 101.8 mln. EUR 2.5 million The euro (2.6%) is higher than forecasted. Compared to the same period last year, the revenue from this tax was 7.1 mln. Euro (7.5%) more.

According to the Law of the Republic of Lithuania of 2018 Provisions of the Law on the Approval of Financial Indicators of the State Budget and Municipal Budgets. The share of GPM in municipal budgets in 2018. amounting to 82.82 percent, and the part of this tax included in the state budget is 17.18 percent.

Approved in 2018 State budget revenues (without EU funds) amount to 6,767 million. EUR, with EU funds - 9.071 million euro.

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Publication:Mena Report
Date:Mar 1, 2018
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