Budget, Estonia, Financial Services, Taxation
International Internet Magazine. Baltic States news & analytics
Friday, 29.03.2024, 15:45
Tax receipts increased by 5.4% in Estonia in June y-o-y
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.