aA
Lithuania's central government and local authorities collected a total of 3.452 billion euros in budget revenue between January and May, some 14.3 million euros, or 0.4 percent, less than expected, but 187.3 million euros, or 5.7 percent, more than in the same period last year, the Finance Ministry said on Monday.
Lithuania's Jan-May budget revenue EUR 14.3 mln below target
© Shutterstock

This marks the first time since February 2015 that actual budget revenue has fallen short of estimates.

The central government's budget revenue for the five months came in at 2.684 billion euros, 32.6 million euros, or 1.2 percent, below the target for the period, but up by 90.7 million euros, or 3.5 percent, from a year ago.

The value-added tax brought 1.488 billion euros into the state's coffers, some 1.7 percent less than planned. Excise tax revenue totaled 547.6 million euros, 1.2 percent below the estimate. Revenue from the corporate income tax, at 110.1 million euros, fell 10.8 percent short of the target.

Year-on-year, revenue from these taxes increased by 3.7 percent, 3.3 percent and 12.1 percent, respectively.

The personal income tax generated a total of 723.3 million euros in central government and municipal budget revenue, 1.6 percent less than projected, but 9.7 percent more than a year ago.

This year's central government budget projects 6.767 billion euros in annual revenue not including EU funds and 9.071 billion euros including EU funds.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Finance minister: coronavirus to affect economy

The widening coronavirus outbreak will have implications for the Lithuanian economy , Finance...

Lithuanian businesses might feel coronavirus effect in spring

The coronavirus outbreak in China is already affecting Lithuanian businesses as some companies...

Leader in gaming and VR platforms to undergo major expansion in Lithuania

Unity Technologies , creator of the world’s most widely used real-time development platform for...

German polymer specialist establishing microduct systems production unit in Klaipeda

REHAU , a family-owned polymer specialist with annual sales of around EUR 3.5 billion, is...

Five cities may get another EUR 30 mln to buy electric buses

Lithuania's authorities are considering providing another 30 million euros in EU money to Vilnius,...

Top news

Finance minister: coronavirus to affect economy

The widening coronavirus outbreak will have implications for the Lithuanian economy , Finance...

Foreing ministry asks people to refrain from trips to Tenerife city

Lithuania's Ministry of Foreign Affairs has asked people to refrain from trips to the Tenerife...

Lithuanian author long-listed for prestigious UK literary award

Noir Press announced that Lithuanian author Grigory Kanovich has just been long-listed for the...

German who moved to live in Kaunas: I did not expect so much cultural life here

Jörgen Kipp , Purchasing Manager at HELLA Lithuania, came to Kaunas two years ago to live and...

Lithuanian model Ieva hits the London Fashion Week catwalk

A Lithuanian student from Kėdainiai swapped designing clothes for modelling them at one of the...