Budget, Estonia, Financial Services, Taxation

International Internet Magazine. Baltic States news & analytics Sunday, 22.10.2017, 10:58

Tax receipts increased by 5.4% in Estonia in June y-o-y

BC, Tallinn, 10.08.2017.Print version
The Estonian Tax and Customs Board collected 611.8 million euros in taxes in June 2017, 5.4% more than in the same month in 2016, reports LETA/BNS.

A total of 47.3% of the budgeted 12-month tax receipts had flowed in by the end of the month, the Ministry of Finance said.

 

The state's revenue from excise duties totaled 97.6 million euros, 30.2% more than in June last year. Of fuel excise duty 21% more and of alcohol excise duty 20.2% more than last year was paid into the state coffers during the month.

 

"Growth in the payments of social tax has decelerated in the past few months with 7.4% more being paid in to the state budget in June than at the same time the year before," Kadri Klaos, an analyst of fiscal policy at the Ministry of Finance, said.

 

The budget of the government sector ran a surplus of 5 million euros at the end of June. The surplus fully stemmed from local municipalities with their aggregate budget running a surplus of 90 million euros at the end of the month. At the same time, the budget of the central government ran a deficit of 77 million euros, while the deficit of the social insurance funds was 8 million euros. The budget surplus totaled 69 million euros at the same time last year.






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