After the first month of the year, the state budget is in deficit with 94.8 million euros

The state started this year’s budget management with a deficit. At the end of January, the cash state budget showed a deficit of 94.8 mil. EUR, while last January it was still in surplus of 134.4 mil. eur.

Total state budget revenues in the first month of the year reached 1.157 billion EUR, which meant a year-on-year increase of 8.2%, but expenditure state offices increased by up to 33.9% year on year to 1.252 billion eur. On the for the whole of 2020, expenditures in the amount of 18.561 billion are budgeted. eur, revenues at the level of 15.793 billion and the general government deficit would so it was to reach 2.768 billion eur.

Tax revenues, which form a substantial part of state revenues budget, reached 1.089 billion in January euros, which meant their year-on-year increase by 7.8%. As reported by the Ministry of Finance, the positive development is recorded for value added tax in the amount of 41.3 mil. eur, in tax from the income of legal entities in the amount of 17.2 mil. EUR, for consumer taxes in the amount of 15.5 mil. for other taxes on goods and services in in the amount of 13.1 mil. EUR and with a withholding tax of 4.3 mil. eur. On the contrary, the ministry recorded a worse selection than last year in income tax natural persons in the amount of 11.9 mil. and taxes on the use of goods and from the permit to perform activities in the amount of 0.4 mil. eur.

In addition to tax revenues, other state revenues also grew year on year budget, by 18% to 59.9 mil. eur. “This is a year-on-year increase other non-tax revenues by 2.4 mil. EUR, interest by 0.4 mil. eur a capital income by 0.3 mil. eur. Income from rental of property is year-on-year lower by 0.1 mil. eur, ”adds the Ministry of Finance. Vice versa, traditionally, the absorption of budget revenues starts slowly at the beginning of the year European Union, which at the end of January reached only 7.8 mil. eur a year-on-year they were lower by 4.1%.

Other expenditures had a significant impact on the growth of total expenditures of the state budget, which also include expenditures on the day-to-day running of the state offices. They increased by up to 35% year-on-year to 907.6 mil. eur. Expenses on the other hand, government debt service fell by 15.6% year on year to 159.9 mil. eur. Expenditures related to the drawdown of Eurofunds increased year on year about 15 mil. EUR to 26.5 mil. EUR, which is also related to the increase in resources to co-financing by 2 mil. EUR for less than 4 mil. eur. Payment to budget Of the European Union increased by 72.2 mil. EUR to 136.5 mil. eur. What then last year the state did not send any transfer to the Social Insurance Agency, this year to In January, 17.5 mil. eur.

The state started this year’s budget management with a deficit. At the end of January, the cash state budget showed a deficit of 94.8 mil. EUR, while last January it was still in surplus of 134.4 mil. eur.

Total state budget revenues in the first month of the year reached 1.157 billion EUR, which meant a year-on-year increase of 8.2%, but expenditure state offices increased by up to 33.9% year on year to 1.252 billion eur. On the for the whole of 2020, expenditures in the amount of 18.561 billion are budgeted. eur, revenues at the level of 15.793 billion and the general government deficit would so it was to reach 2.768 billion eur.

Tax revenues, which form a substantial part of state revenues budget, reached 1.089 billion in January euros, which meant their year-on-year increase by 7.8%. As reported by the Ministry of Finance, the positive development is recorded for value added tax in the amount of 41.3 mil. eur, in tax from the income of legal entities in the amount of 17.2 mil. EUR, for consumer taxes in the amount of 15.5 mil. for other taxes on goods and services in in the amount of 13.1 mil. EUR and with a withholding tax of 4.3 mil. eur. On the contrary, the ministry recorded a worse selection than last year in income tax natural persons in the amount of 11.9 mil. and taxes on the use of goods and from the permit to perform activities in the amount of 0.4 mil. eur.

In addition to tax revenues, other state revenues also grew year on year budget, by 18% to 59.9 mil. eur. “This is a year-on-year increase other non-tax revenues by 2.4 mil. EUR, interest by 0.4 mil. eur a capital income by 0.3 mil. eur. Income from rental of property is year-on-year lower by 0.1 mil. eur, ”adds the Ministry of Finance. Vice versa, traditionally, the absorption of budget revenues starts slowly at the beginning of the year European Union, which at the end of January reached only 7.8 mil. eur a year-on-year they were lower by 4.1%.

Other expenditures had a significant impact on the growth of total expenditures of the state budget, which also include expenditures on the day-to-day running of the state offices. They increased by up to 35% year-on-year to 907.6 mil. eur. Expenses on the other hand, government debt service fell by 15.6% year on year to 159.9 mil. eur. Expenditures related to the drawdown of Eurofunds increased year on year about 15 mil. EUR to 26.5 mil. EUR, which is also related to the increase in resources to co-financing by 2 mil. EUR for less than 4 mil. eur. Payment to budget Of the European Union increased by 72.2 mil. EUR to 136.5 mil. eur. What then last year the state did not send any transfer to the Social Insurance Agency, this year to In January, 17.5 mil. eur.