Jan.-Sept. tax receipts 6.8% greater than in 2015

Euro bills and coins. (AFP/Scanpix)
10/23/2016 3:02 PM
Source: BNS
Category: Business

During the first nine months of 2016, 5.6 billion euros in taxes, 355.7 million euros or 6.8 percent more than during the same period a year prior, was paid into Estonia's state budget, figures provided by the Ministry of Finance show.

Total revenue of the state during this nine-month period amounted to 6.37 billion euros, 478.2 million euros or 8.1 percent more than by the end of September 2015. Of labor taxes — social tax, unemployment insurance premiums and personal income tax, msot of which is transferred to the municipal budget — 2.93 billion euros was received during this period, 5.9 percent more than during the same period last year.

Non-tax revenue amounted to 771.4 million euros, which is 122.5 million euros more than the year before. EU and other support totaling 489 million euros accounted for the biggest part of non-tax revenue.

Expenditures totaled 6.21 billion euros, including expenditures made using external assets totaling 353.3 million euros. Payouts of various kinds of support accounted for the lion's share of expenditures, totaling 2.99 billion euros, including support payouts using external funds in the amount of 249.6 million euros.

Investments made since the start of the year totaled 209.5 million euros, 78.2 million euros or 27.2 percent less than during the same period last year.

Liquid financial assets of the State Treasury, i.e. deposits and bonds, stood at 1.37 billion euros at the end of September, down by 102.6 million euros or 7 percent compared to the end of September 2015.

Editor: Aili Vahtla

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