Budget, Estonia, Financial Services

International Internet Magazine. Baltic States news & analytics Tuesday, 26.03.2019, 14:57

Tallinn's fiscal receipts total EUR 104.7 mln in 2 months

BC, Tallinn, 13.03.2018.Print version
In the first two months of the year 2018, 104.7 million euros of revenue flowed into the budget of the City of Tallinn, which equals 16.1% of the target for the full year, reports LETA/BNS.

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.

Search site