The budget surplus for the first seven months amounted to 42 million euros, thanks to tight spending control and higher revenues by 18,2 percent compared to last year, the Ministry of Finance announced.
The Ministry said that a budget surplus of around 11 million euros was achieved in July.
According to preliminary data, budget revenues for seven months of this year amounted to 1,57 billion euros, which is 124,7 million euros more than in the same period last year.
"Compared to the plan for the period January-July, budget revenues are 95,5 million euros higher," the announcement states.
Excluding non-recurring revenues, budget revenues for seven months of this year, compared to the comparative period, are 237,2 million euros or 18,2 percent higher.
Revenues from corporate income tax amounted to 197,6 million euros, which is 51,8 million or 35,6 percent more than planned and 61,8 million or 45,6 percent more than the observed period. last year.
Revenues from personal income tax amounted to 45,9 million euros, which is 7,6 million or 19,9 percent more than planned and 14,4 million or 45,8 percent more than the observed period. last year.
Revenues from value added tax (VAT) were realized in the amount of 655,4 million euros, which is 13,8 million or 2,2 percent more compared to the plan and 87,1 million or 15,3 percent more compared to observed period last year.
Income from contributions was realized in the amount of 321 million euros, which is 16,2 million or 5,3 percent more compared to the plan and 31,2 million or 10,8 percent more compared to the observed period last year.
"When it comes to July, budget revenues amounted to 259,9 million euros, which is 52 million more than in the same month last year. Compared to the plan for July, budget revenues recorded an increase of 20,1 million euros" , specified from the Ministry.
According to preliminary data, budget expenditures for the first seven months of this year amounted to 1,53 billion euros, which represents about 93 percent of the plan, and compared to the same month last year, they are 232 million euros higher.
"Compared to the comparative period last year, the biggest deviation refers to gross wages, transfers for social protection, transfers to institutions, individuals, non-governmental and public sector, as well as the capital budget," explained the Ministry.
According to preliminary data, expenditures in July were at the level of 94 percent of the plan.
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