Analytics, Budget, Financial Services, Lithuania
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Friday, 29.03.2024, 00:12
Lithuania'sl budget revenue EUR 237 above target in 2016
BC, Vilnius, 13.01.2017.Print version
- Lithuania's central government and local authorities last year collected a total of 7.572 bln euros in budget revenue, exceeding the annual revenue target by almost 237 mln euros, or 3.2%, the Finance Ministry said LETA/BNS on Friday.
The central government's budget revenue came in at 6.047 bln
euros, more than 102 mln euros, or 1.7%, above the projected level.
"The above-target revenue will be used to reduce the
state budget deficit as required by the Law on Fiscal Discipline. Therefore,
the need for borrowed funds to cover the deficit will decrease by the same
amount," the ministry said.