International Internet Magazine. Baltic States news & analytics
Wednesday, 01.10.2014, 17:16
According to the Estonian Ministry of Finance, the Estonian state budget collected revenue of 5.11 billion euros in the first eight months of the year, which is 63.7% of the total amount planned in the budget for the year, LETA/Postimees Online reports.
Keyword tags: Budget, Estonia, Financial Services, Taxation
Based on the data of the Ministry of Finance, in the first eight months of 2014 the central government deficit amounted to LTL 1.2 billion (EUR 348 million) and was by LTL 835 million (EUR 242 million) or 0.7% of GDP lower than in the first eight months of 2013, informs LETA/ELTA.
According to Statistics Lithuania, the number of members of political parties increased by more than 6,000 in 2013 and reached 114,100 people by the end of the year. In other words, 4.7% of all adults were members of political parties, informs LETA/ELTA.
Estonian Prime Minister Taavi Rõivas, on behalf of the Government, delivered a draft budget for 2015 to the Riigikogu. In drawing up a draft budget for 2015, or the so-called ‘certainty budget’, the Government sought to increase certainty for people in Estonia, reported BC press service of Estonian government.
The Government has decided to increase the minimum monthly wage to LTL 1,035 (EUR 300) and the minimum hourly wage to LTL 6.27 (EUR 1.82) from 1 October, 2014, informs LETA/ELTA.
Estonian Finance Minister Jürgen Ligi said that the total tax burden in Estonia in 2015 will be 32.7%, a decrease on account of labour taxes and investments, LETA/Delfi reports.
The government of Latvia decided yesterday to terminate agreements with the Riga City Council and Ventspils City Council on a special personal income tax collection regime for both cities, reports LETA.