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Revenue from VAT down 1.3 per cent - finance ministry

ZAGREB, June 14 (Hina) - Budgetary revenue in this year's first threemonths was 18.4 billion kuna, or 21.3 per cent of the amount plannedfor this year, while expenditure was 23.3 billion kuna, or 26.7 percent of the annual amount planned, according to Finance Ministryfigures.
ZAGREB, June 14 (Hina) - Budgetary revenue in this year's first three months was 18.4 billion kuna, or 21.3 per cent of the amount planned for this year, while expenditure was 23.3 billion kuna, or 26.7 per cent of the annual amount planned, according to Finance Ministry figures.

The figures were recorded on cash basis and the ministry released them in its latest monthly report on its web page.

Budgetary revenue was mostly affected by the low revenue from VAT and excise on oil products, which in this year's first three months accounted for 18.93 per cent of the revenue planned for this year.

In this year's first three months, revenue from VAT, the most important budgetary source of revenue, was 6.2 billion kuna, down 1.3 per cent from the same time last year, which analysts put down to a slowed down economy in the period in question.

The budgetary deficit in this year's first three months, recorded on cash basis, was 4.9 billion kuna.

The revenue of the general government, which includes extra-budgetary funds and companies in the public sector, was 19.7 billion kuna, while expenditure was 24.2 billion kuna.

The revenue of the central government, including local government units, was 22.1 billion kuna, while expenditure was 25.9 billion kuna.

(EUR1 = 7.3 kuna)

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