International Internet Magazine. Baltic States news & analytics
Wednesday, 28.09.2016, 13:15
According to adjusted data, the current account of Estonia's balance of payments had a surplus of 447 mln euros in 2015, the largest since independence was regained, the Bank of Estonia said on Friday.
Keyword tags: Budget, Estonia, Financial Services, GDP
The ruling coalition parties today agreed to increase the salary to the head of the State Revenue Service but the pay rise will be somewhat lower than the initial proposal, reports LETA.
Tax revenues in the Latvian budget beat the target by 0.4 percent in the first seven months of this year, the Finance Ministry informed LETA.
Although fuel company Olerex said on Tuesday that due to the fuel excise duty rise the Estonian state will lose up to 35 million euros in taxes, according to the Ministry of Finance fuel excise duty receipts rose nearly 15% on year in the first seven months of the year and are to total 481 million euros at the end of the year, reports LETA/BNS.
Lithuania's central government and local governments collected a total of 4.44 billion euros in budget revenue in January through July, exceeding the revenue target for the seven months by 181 mln euros, or 4.3%, according to the Finance Ministry information reports LETA/BNS.
The fiscal space in next year’s budget is EUR 70 mln, Latvian Prime Minister Maris Kucinskis (Greens/Farmers) told LETA after the government meeting on Tuesday.
Tax revenues in the Latvian general government consolidated budget reached EUR 4.56 bln in the first six months of 2016, beating the target by 0.6%, but was less by 0.7% or EUR 31 mln against the same period last year, LETA was told at the Finance Ministry.