Budget, Financial Services, Lithuania

International Internet Magazine. Baltic States news & analytics Thursday, 02.07.2020, 11:37

Lithuania's national budget revenue EUR 14 mln above target in January

BC, Vilnius, 20.02.2020.Print version
Lithuania's central government and municipalities collected a total of 927.5 mln euros in budget revenue in January, 14 mln euros, or 1.5%, above the projected level, the Finance Ministry information cited LETA/BNS.

The central government's budget revenue came in at 817.3 mln euros, 0.6% above the target for the period. Tax revenue alone reached 783.4 mln euros, 1.2% more than planned.

The value-added tax brought 512.9 mln euros into the state's coffers, 0.7% more than projected. 

Excise tax revenue totaled 140.7 mln euros, or 0.7% below the estimate. Revenue from the corporate income tax, at 6.5 mln euros, exceeded the target by 18.8%. 

The personal income tax generated a total of 196.8 mln euros in central government and municipal budget revenue, 4% more than planned.

This year's central government budget projects 9.548 bn euros in annual revenue not including EU funds and 11.53 bn euros including EU funds. 


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