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Govt: Municipalities to Get €33-million to Infill Gaps in Income Tax Ledgers
Wednesday 21 April 2010 Zoom in | Print page
Velky Krtis, April 21 (TASR) - Towns and villages will receive an additional €33 million from the state in compensation for lower income tax revenues from individuals, said Prime Minister Robert Fico after the away-session of the Government in Velky Krtis (Banska Bystrica region) on Wednesday.
The Government has to date allocated as much as €140 million in compensations of this type since late 2009. "Government isn't obliged to do this, but we want to secure balance in the development of towns, villages and the state," he explained, adding that individual municipalities have no legal right to call for compensation because of the fiscal decentralisation policies.
According to Fico, however, his Cabinet decided to compensate the hole in local tax revenues, so that local administrations and the state could survive the period when the severe impact of the global economic crisis are still extant.
Municipalities are free to decide what to spend the €33 million on.
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