International Internet Magazine. Baltic States news & analytics
Monday, 25.07.2016, 23:02
In the first quarter of this year, Latvia registered the fifth largest general government budget surplus of the gross domestic product (GDP) among European Union (EU) members, the newest data of the EU statistics office Eurostat gathered on 18 member states and published on Friday shows, reports LETA.
Keyword tags: Analytics, Budget, EU – Baltic States, GDP, Statistics
Tax revenues in the Latvian general government consolidated budget reached EUR 2.983 million in the first five months of 2016, beating the target by 0.4% and growing by EUR 129 million, or 4.5%, against the same period last year, LETA was told at the Finance Ministry.
The state-owned Latvijas Valsts Mezi (Latvian State Forests, LVM) company responsible for management of state-owned forests will pay the Latvian state EUR 52.615 million in dividends from its 2015 profit in two instalments during 2016, informs LETA, according to the resolution approved by the Latvian government.
Lithuania's state-owned companies operate inefficiently and pay no dividends to the state and their funds are used to purchase media outlets and they serve as "havens for unemployed party members", President Dalia Grybauskaite said on June 9th, cites LETA/BNS.
The Lithuanian state received 1.6% more revenue than planned in the first five months of 2016, putting the total revenue figure at 2.424 billion euros, the government said. The 2016 revenue indicates an increase by 8.5% (190.2 million euros) year-on-year, reports LETA/BNS.
Inflow of tax money into the Estonian state budget amounted to 518.3 million euros in May 2016, 3.8% more than in the same month in 2015, with the increase in receipts underpinned primarily by labor taxes, informs LETA/BNS.
Estonian parliament on June 7th adopted the administrative reform bill, reports LETA/BNS.