Budget, Financial Services, Lithuania, Taxation

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 11:30

Lithuania gets EUR 38.5 mln in unplanned revenue in January-May

BC, Vilnius, 08.06.2016.Print version
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.

"The improving collection of revenues is due to a few factors, including economic growth, spurred by improving domestic consumption, exports and record growth of investments, particularly in regions. Wages are rising, production volumes are increasing, as well," Prime Minister Algirdas Butkevicius said in a press release.

 

Citing preliminary data, he said 2.204 billion euros had been generated from taxes this year, which is 1% (22.6 million euros) more than projected.






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