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State Gained More Than €19 million From Scrapyard Contribution
Thursday 25 February 2010 Zoom in | Print page
Bratislava, February 25 (TASR) – Slovakia's used car trade-in programme to boost new car sales, also known as the scrapyard contribution, yielded as much as €19.06 million for the state in its two rounds last year, according to a report drawn up by the Economy Ministry that the Government examined on Thursday.
The ministry reported that €55.25 million was originally set aside for both rounds of the programme, via which it was expected that 44,200 new cars would be purchased. In fact, only €49.83 million in state contributions was swallowed up, while VAT revenues brought in €66.51 million. In addition, another than 2.6 million-plus found its way into the treasury as a result of various scrapyard-related fees.
The programme saw a total number of 39,270 cars scrapped with an average age of 21 years.
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