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Saturday, 28.11.2015, 15:03
Total budget tax revenue in January-October 2015 in Latvia was EUR 5.9 billion, or 99.7% of the target, the Finance Ministry told LETA.
Keyword tags: Budget, Financial Services, Latvia, Taxation
The European Parliament adopted the EU budget for 2016 on November 25th, setting commitment appropriations at EUR 155 billion and payment appropriations at EUR 143.9 billion, LETA was informed by the European Parliament.
Revenues in Riga city's basic budget for 2016 are planned at EUR 791,713,481 and expenditure at EUR 793,039,080, which will result in a deficit of EUR 1.3 million, informs LETA.
The Eurogroup agrees with the European Commission’s assessment that Lithuania’s budget deficit may be larger than forecast next year. At the same time, it points out to certain uncertainties surrounding the evaluation of cyclical developments, informs LETA/BNS.
In the first 10 months of the year 6.63 billion euros of revenue or 300 million euros more than the year before was paid into Estonia's state budget; expenditures made during the same period totaled 6.66 billion euros, growing by 450.1 million euros in annual comparison, figures provided by the Finance Ministry show, cites LETA/BNS.
The minimum monthly pay rise from 390 to 430 euros in 2016 will increase the expenses of Estonia's government sector by 5.6 million euros and revenue by 15.2 million euros, and compared to the state budget draft the budgetary position is to increase by 3.3 million euros, reports LETA.
In the first 10 months of the year 2015, 449.1 million euros of revenue was paid into the treasury of the City of Tallinn, which makes up 87.9% of the full-year target without financing activities, cites LETA/BNS.