Financial Services, Lithuania, Taxation

International Internet Magazine. Baltic States news & analytics Monday, 11.12.2023, 04:13

Lithuania's budget revenue EUR 959 mln below target in Jan-Oct

BC, Vilnius, 13.11.2020.Print version
Lithuania's central government and municipalities collected a total of 8.591 billion euros in budget revenue between January and October, 959.1 mln euros, or 10%, below the projected level and 226 mln euros, or 2.6%, lower that in the same period last year, the Finance Ministry said on Friday, writes LETA/BNS.

The central government's budget revenue for the ten months of 2020 came in at 6.985 bn euros, 11.6% below the target and 2.9% below the year-earlier level. 

Tax revenue alone decreased by 145.4 mln euros, or 2.2%, y-o-y, falling 787.3 mln euros, or 10.8%, short of the target. 

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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