Budget, Estonia, Financial Services
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 18:01
Tallinn's fiscal receipts total EUR 104.7 mln in 2 months
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The two-month tax revenue totaled 69.7 million euros, making up 15.9% of the amount projected for the full year. The sum included personal income tax in the amount of 67.3 million euros, which equals 16.8% of the 12-month target, and 2.3 million euros in local taxes, representing 19.7% of the target, the municipal press service said.
Economic activity by institutions of the city produced 14.1 million euros, 18.5% of the sum projected for the full year. Other revenue totaled 420,000 euros or 23.5% of the 12-month target.
Support from the state and external finance totaled 20.2 million euros, amounting to 16.3% of the budget target.
Expenditures made by the city in January and February totaled 109.5 million euros, which corresponds to 16% of the budgeted full-year amount.
The city's treasury had 53.1 million euros in free assets at the end of February.
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