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Total Income of Public Finances to Go Down By €1.019 Billion This Year
Monday 28 June 2010 Zoom in | Print page
Bratislava, June 28 (TASR) - Total incoming state revenues will be lower by €1.019 billion this year, a figure amounting to 1.6 percent of GDP, reports the tax prognosis published by the Finance Ministry on Monday.
The drop is estimated to be as much as €1.360 billion (1.9 percent of GDP) in 2011 and by €1.768 billion (2.4 percent of GDP) in 2012.
In comparison with the previous prognosis published in September 2009, tax revenues are estimated to be lower by €833 million this year, €1.016 billion in 2011, and €1.253 billion in 2012. "In comparison with September 2009 the prognosis reflects the worsened economic situation in 2009 and less favourable prognosis of macroeconomic parameters, which are closely related to tax collection," according to the report.
The analysts also offer a prognosis on social and healthcare levies. State-insurer Socialna Poistovna is estimated to see its revenues go down by €197 million in 2010, €306 million in 2011, and €399 million in 2012.
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