State budget revenues and budgetary expenditures for 2014

Ministry of Finances issued a latest report on total state budget revenues for 2014, which shows that state budget incomes reached the amount of 367.949 ml ALL, growing to 44.244 ml ALL, compared to state budget incomes in 2013.

As for the budgetary deficit, statistics show that deficit was 10% lower than predicted for 2014. Revenues collected during 2014 from VAT and income tax were respectively 123.847 ml ALL and 21.483 ml ALL. Ministry of Finances declared that VAT reimbursed reached the amount of 8.656 ml ALL.

Excise tax revenues reached the amount of 40.894 ml ALL during 2014, meanwhile total state expenditures are estimated to be 437.320 ml ALL from which 60.541ml ALL are capital expenditures, 341.328 ml ALL are recurrent expenditures and maintenance services state expenditures are estimated to be 31.341 ml ALL.

The report also shows that government did not meet the set objective to collect 3 ml ALL more than the amount collected.

News source/photo credits: ATA