In the first ten months, taking into account the realization of income and expenditure, a budget surplus was achieved in the amount of 183,6 million euros or three percent of the estimated gross domestic product (GDP), the latest data from the Ministry of Finance showed.
The Ministry announced that in October the budget deficit amounted to 7,1 million euros.
According to the Ministry, budget revenues in the period January - October amounted to EUR 2,12 billion, or 34,4 percent of the estimated GDP. Revenues are 371,9 million or 21,2 percent higher than planned, and 508,2 million or 31,5 percent compared to the same period last year.
"The most significant positive deviations were recorded in revenues based on value added tax (VAT) and corporate income tax, as well as contributions for mandatory social security, other revenues and donations and transfers", according to the report of the Ministry on the execution of the budget for the period January - October.
Revenues based on VAT, as of October, were collected in the amount of 892,9 million euros, which is 97,7 million or 12,3 percent more than planned and 139,9 million or 18,6 percent more in compared to the same period of the previous year.
The excise tax revenue category, in the mentioned period, was collected in the amount of 270,5 million euros, which is 44,8 million or 19,8 percent more than the plan, or 62 million or 29,7 percent more than in the same period. the previous year.
The biggest contribution to the growth of excise taxes for ten months of this year was recorded in the excise tax on mineral oils and their derivatives and on tobacco and tobacco products.
"Bearing in mind that on July 1 this year, the article of the Law on Excise Taxes, which introduces an excise tax on products made from sugar, cocoa and ice cream, on this basis, a total of 1,8 million euros has been collected so far," it is specified in report.
Revenues based on corporate income tax were collected in the amount of 143,3 million euros and are higher than the planned 30,9 million or 27,5 percent, while compared to the comparable period last year they are 60 million or 72,1, XNUMX percent.
"The strong growth of this category of income is primarily the result of the introduction of progressive rates on profit, the growth of economic activity and the achieved results of business entities in the previous year, as well as the improvement of tax discipline," the report adds.
The contribution category in the observed period was realized in the amount of 439,4 million EUR, which is 80,4 million or 22,4 percent more than planned, or 93 million or 26,8 percent more than in the comparative period last year.
"The trend of growth in this category of income continued in October, and the dominant result is the reduction of the informal economy on the labor market due to the reduction of the tax burden on labor, greater tax discipline, as well as the increase in the wages of employees in the public sector, which also increased the base for collecting taxes and contributions to earnings", explained the Ministry.
Other revenues in the observed period amounted to 157,6 million euros, which is 74,8 million more than planned, while compared to the comparable period last year, they are 134,4 million euros higher.
"The significant growth of this category of income is predominantly the result of the termination of the hedging arrangement from 2021, in the amount of almost 60 million, as well as the transfer of funds collected as part of the implementation of the economic citizenship project in the total amount of 55,8 million. In addition to the above, in the same period, a payment in the amount of 11,6 million was made, based on the dividends paid from the realized profits of companies majority owned by the state," the report adds.
In the mentioned period, significant growth was also recorded in the category of donations and transfers, which were realized in the amount of 55,8 million euros, which is 20,7 million more than the plan and 29,7 million more than the comparable period last year. .
The growth of the mentioned category is primarily the result of the payment of funds from the EU, based on direct budget support for energy efficiency.
Revenues in October amounted to 220 million euros and are higher than the plan of 42,4 million or 23,9 percent, or 52 million or 30,9 percent compared to October last year.
Budget expenditures for the period January-October amounted to 1,94 billion euros or 31,4 percent of the estimated GDP and compared to the planned, they are 120,9 million or 5,9 percent lower, while compared to the same period last year they are 264,9 .15,8 million or XNUMX percent.
In the structure of total spending in the observed period, the current budget was implemented at the level of 1,83 billion euros, which represents 94 percent of total spending, while the capital budget was implemented at the level of 114,3 million, which represents six percent of total spending.
Observing the main categories of consumption within the current budget, current expenditures, in the mentioned period, were realized in the amount of 816,2 million and compared to the planned, they are 33,5 million or 3,9 percent less.
Within this category of expenditures, the most significant allocations are for gross wages and contributions at the expense of the employer in the amount of 526,1 million, which is 14,7 million or 2,9 percent more than the plan and which were realized in accordance with the applicable legal regulations. , signed collective agreements and actual calculation of wages.
Also, interest expenses were realized in an amount higher than the plan by 4,3 million euros. In addition to the above, other budget positions within current expenditures are mostly below the plan, according to the actual dynamics of spending by consumer units.
The capital budget in the observed period was realized in the amount of 114 million euros, which represents 67 percent of the realization of the previous plan, that is, it was realized 55 million euros less than the plan.
Looking at individual projects, out of a total of 374 projects planned in the budget for this year, no payment transactions were recorded for 215, that is, almost two-thirds of the projects are not realized.
Expenditures in October amounted to 212,8 million euros and are lower than the plan by 6,3 million or 2,9 percent, while compared to October last year they are 25,3 million or 13,5 percent higher.
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