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Local Council Tax Revenues Shrank by One-fifth Y-o-Y in 1Q10
Thursday 22 July 2010 Zoom in | Print page
Bratislava, July 22 (TASR) - Higher unemployment rates throughout all regions of Slovakia have translated into lower tax revenues, with local councils collecting nearly 20 percent less year-on-year in taxes in the first quarter of 2010, according to a study published by the Slovak Credit Bureau (SCB) on Thursday.
The most dramatic y-o-y slumps in tax revenues were seen in Kosice, which lost more than one-quarter of this type of income, followed by Presov and Nitra regions, with falls amounting to 23.5 percent and 21.7 percent, respectively.
In 1Q10, year-on-year growth in municipalities' total incomes (including also non-tax, capital and other financial revenues, plus grants and budgetary transfers) slowed from last year's 6.14 percent to 1.59 percent.
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