Spectator on facebook

Spectator on facebook

Public administration collects more from taxes

Also the management of municipal administration improved.

Illustrative stock photo(Source: Sme)

A significant increase in the collection of taxes and payroll levies has helped public administration to reduce its deficit to an historically low level.

The income from taxes and payroll levies was €745.6 million higher than expected, which positively influenced the deficit of the public administration budget by 0.92 percent of the gross domestic product. Tax incomes were €358.5 million higher and payroll tax incomes €386.9 million higher, the SITA newswire reported.

The deficit of the public administration budget amounted to 1.68 percent of GDP last year, while originally it was predicted to stand at 1.93 percent.

In addition, the budget deficit was positively impacted by cash expenditures that were €535.6 million higher than expected.

Management of municipal administration also improved in fiscal terms by €240.5 million. This was mostly the result of the management of villages whose expenditures increased by €238.4 million. On the other hand, the finances of the self-governing region were €19 million worse off, SITA reported.

As for negative impacts on public finances, other selected public administration expenditures amounted to €649.9 million in total.

Topic: Finances and Advisory


This article is also related to other trending topics: Economics

Top stories

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár