Budget, Financial Services, Lithuania, Taxation
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 09:24
Lithuania's budget was EUR 169.3 mln above target in H1
The central government's budget revenue for January through June came in at
3.274 billion euros, which is 2.8% above the projected level.
Revenue from taxes totaled at 2.991 billion euros, 1.4% more than planned.
The value-added tax (VAT) contributed the most to the national budget, bringing
1.658 billion euros into the state's coffers, 2.7% above the target, while
excise tax revenue totaled 643.4 million euros, some 1.3% above the estimate.
Revenue from the corporate income tax, at 388.4 million euros, fell 6%
short of the target.
The personal income tax generated a total of 798.8 million euros in central
government and municipal budget revenue, some 7.7% more than planned.
This year's central government budget projects 6.386 billion euros in
annual revenue not including EU funds and 8.487 billion euros including EU
funds.