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Wednesday, 24.08.2016, 00:04
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.
Keyword tags: Budget, Lithuania, Statistics
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.
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.
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.