Budget Revenues at 18.7 Percent of Year's Target After Two Months
15 March (BNS)
In the first two months of the year, 1.2 billion euros of revenue was paid into Estonia's state budget, which makes up 18.7% of the target for the full year, data of the Finance Ministry show. The expenditures made in the two months totalled 1.03 billion euros, 15.3% of the outlays projected for 12 months.
Compared to the same period last year, revenue intake increased by 77.9 million euros or 7.2%. The revenue growth was mainly due to the bigger than usual inflow of external aid as payment of European Union support which was suspended at the end of last year resumed in February, the Finance Ministry said.
Revenues of the 2012 state budget are projected at 6.2 billion euros and expenditures inclusive of funds carried over from last year at 6.8 billion euros.
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