It was forecast that in the first seven months of 2015 EUR 4.052 billion would be collected. Factual revenue has not only surpassed projections but also is by 7.4% or EUR 285 million greater compared to the same period last year.
State budget revenue plan was fulfilled by 100.9% in January-July. It was planned that EUR 3.330,8 million would be received. The actual figure was EUR 3.360,6 million – by EUR 192.4 million or 6.1% more than in January-July 2014 and by 29.8 million or 0.9% more than projected.
"Despite more moderate economic growth indicators than forecast, budget revenue flow remains stable, tax inflows in essence meet those approved for this year's budget," the statement of Finance Minister Rimantas Sadzius read.
According to the minister, more value added tax than projected was collected two months in a row, thus accumulated backlog has shrunk.
"One of the smart tax administration measures, which enables to tighter control incoming and outgoing invoices, gave a positive effect," Sadzius has noted.
In January-July a total of EUR 1.738 billion of value added tax was collected, EUR 804.4 million personal income tax, EUR 638.7 million excise tax and EUR 362.7 million corporate tax.
Approved 2015 state budget revenue with EU funds excluded totals EUR 5.666 billion, with EU funds – EUR 7.989 billion.
