Spectator on facebook

Spectator on facebook

Tax revenues for regions and municipalities Sk3.5 billion above plan

MUNICIPAL and regional governments can expect to receive Sk3.5 billion more than planned from their share of income tax revenues this year according to the Finance Ministry's latest macroeconomic development report. Of this amount, Sk2.1 billion represents the settlement of private individuals' income tax for 2005 and the remaining portion comes from the revised estimate of private individuals' income tax and local taxes for this year.

The ministry expects the municipalities and counties to use all the extra money to cover their expenditures.

"Therefore, the higher cash income of municipalities has no positive impact on the general government deficit. It will rather have a negative impact of Sk800 million on the 2006 budget," reads the ministry's report.

The general government budget will also be negatively influenced by an expected increase of Sk400 million in the regions’ spending due to an infrastructure loan taken by the Prešov region from the European Investment Bank, SITA wrote.

Top stories

Unknown places worth visiting in Slovakia Photo

The year 2016 brought record numbers for tourism in Slovakia.

Špania Dolina, the runner-up in the Village of the Year competition.

This is not a game, and these are not children

If politicians care about the future of the country, they need to offer young protesters with specific demands more than the just same old vague assurances.

Nu Dance festival changes date and the finale coincides with International Dance Day

The festival of contemporary dance has not just moved in time but also from the stage to the streets, encouraging public participation.

Renan Martins: Let Me Die in My Footsteps

(W)Rapping up two worlds in one music

The Fjúžn festival annually presents interesting musical projects from people who cross borders, literally or symbolically. This year, the headliner of the main festival concert on April 22 will be the French-Iraqi…

The Iraqi-French band Aiwa