BUSINESS BRIEFS

Local governments with Sk36.8 billion from taxes

LOCAL and regional governments in Slovakia should receive Sk36.8 billion from personal income tax collected this year.

According to Finance Ministry data, Sk27.6 billion of this amount will be split among 2,887 towns and villages, and Sk9.2 billion will go to the eight regional governments, the SITA news agency wrote. Following a programme of fiscal decentralization launched at the beginning of last year, only 6.2 percent of the proceeds from personal income tax will go to the state budget.

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