Budget, Estonia, Financial Services, Taxation
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Thursday, 25.04.2024, 16:40
Tartu's H1 budgetary receipts total EUR 81.1 mln
The city's revenue from principal activities totaled 76.2 million euros or
58% of the budgeted amount. Receipts of personal income tax made up 34 million
euros or 49% of the amount projected for the year. Tax revenue amounted to 35.1
million euros or 49% of the city's annual budget. In addition to income tax,
the city also earned revenue from land tax, and of local taxes from
advertisement tax, road and street closure tax and parking charges.
Support for principal activities totaled 28.3 million euros or 72% of the
amount budgeted for the year. The city earned 9.4 million euros or 55% of the
projected budget from the sale of goods and services. Other revenues added up
to 3.3 million euros, the majority of which was made up of the assets received
from the state for compensating the operational expenditure of schools for
children with special educational needs.
Expenditure amounted to 60.8 million euros or 49% of the amount projected
for the year. Approximately 60% or 36.7 million euros of the expenditure was
made up of expenses in the field of education. Labor costs totaled 30.3 million
euros, while management costs amounted to 21.5 million euros and funding
expenses were 8.9 million euros.
Investment revenue in the first six months of the year totaled 4.9 million
euros or 26% of the budgeted amount. Investments made amounted to 10.6 million
euros, 26% of the amount planned for the year.
The revenue of the first six months of 2017 were 8.6 million euros higher
than expenditure. As on July 12, the city's budgetary surplus totaled 13.5
million euros.