Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

1998 tax revenues 13 billion Sk lower than projected

Tax revenues of the state budget will be 13 billion Sk lower than the projected sum for 1998. The 1998 state budget predicted tax and customs revenues of 166.48 billion Sk, but the Central Customs Directorate (UDR) is already 12.02 billion Sk behind target. UDR Director Julia Marcekova told a press conference on October 22 that she believed this deficit should not widen much by the end of the year, because year-end benefits packages increase tax revenues from incomes while Christmas purchases boost revenues from the value-added and excise taxes.

Customs offices reported a growth of arrears in VAT payments, which lagged 17.2% behind the predicted volume. Since 1991, the UDR has recorded arrears totalling 35 billion Sk. Of this sum, 8 billion Sk will probably never be paid.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Top 3 news from Last Week in Slovakia Video

Slovakia to buy 14 American fighter jets.

This archive picture from 2014 shows an older model of the F-16 fighter jets.