Estonian State Budget Revenues at 78 Percent of Target After Nine Months
20 October (BNS)
In the first nine months of this year 4.45 billion euros of revenue flowed into Estonia's state budget, which makes up 78% of the target for 12 months, data of the Finance Ministry show. Expenditures made during the same period totalled 4.42 billion euros, 71.3% of the outlays planned for the full year.
The general government budget showed a surplus of 1.3% of gross domestic product after eight months, it appears from preliminary figures. Of the revenues paid into state coffers by the end of September, 3.2 billion euros was tax revenue and 1.24 billion euros non-tax revenue.
The intake of the social tax totalled 1.35 billion euros and of VAT 990 million euros.
Revenue inflow in September amounted to 461.1 million euros, which makes up 8.1% of the year's target. Of this sum 388.3 million euros was tax revenue and 72.8 million euros non-tax revenue.
Investments made in nine months were 629.4 million euros, of which 66.9 million euros fell into September. Liquid assets of the state treasury stood at the end of September at nearly 1.1 billion euros, having increased by 88.4 million euros since the end of last year.
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