Budget, Financial Services, Insurance, Lithuania
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Thursday, 25.04.2024, 03:33
SoDra's budget deficit decreased to LTL 789.5 mln in 7 months
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Based on preliminary data, in January-July 2014, SoDra's revenue constituted LTL 5.69 billion (EUR 1.65 billion). That is by 2.9% or LTL 162.4 million (EUR 46 million) more than planned, and by 7.8% or LTL 413.4 million (EUR 119.7 million) more compared to January-July 2013.
Insurance fees accounted for the most part, 96.9% or LTL 5.51 billion (EUR 1.59 billion), of revenue.
Within seven months of 2014, SoDra's budget expenditure stood at LTL 6.48 billion, by 0.3% or LTL 18.1 million (EUR 5.2 million) less than projected and by 0.4% or LTL 26 million (EUR 7.5 million) less year-on-year.
Pension payments accounted for the largest portion of SoDra's expenditure – 73.1% or LTL 4.74 billion (EUR 1.37 billion).
Furthermore, in the first seven months of 2014, SoDra's budget deficit amounted to LTL 789.5 million (EUR 228.6 million). That is by LTL 180.5 million (EUR 52.2 million) less than projected and by LTL 439.4 million (EUR 127.2 million) less year-on-year.
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