Preliminary fiscal indicators for the first 3-month period of 2017

 

Total revenues in the 3-month period 2017 were realized at the amount of 100.8 billion ALL or about 104 percent in relation to the plan of the period.

Revenues from “Taxes and Customs” for the third quarter of 2017 were realized at All 89.6 billion, All 4.9 billion or 5.7% more than the first 3 months of 2016 and All 5.4 billion or 6.4% more than the plan.

Customs tax revenues were realized at the value of All 1.4 billion, 4% or 52 million ALL over the third quarter of 2016, and 1.5% less than the plan.

Excise revenues were realized at ALL 9.2 billion, 7.6% or 654 million ALL more than the 3-month period of 2016, and 5.6% or 486 million ALL more than the plan. The main impacts were fuel imports and production, which amounted to 116 thousand tons, an increase of 4600 tons compared to the third quarter of 2016.

Additionally, there was an increase of 13% of liquid gas imports and production Beer with 12%, import of energy drinks by 42%, import and wine production by 5.5%.

Cigarette and coffee imports have maintained roughly the level of January-March 2016, while domestic tobacco production has increased by about 50%.Income from mining in export was realized at ALL 585 million, 9.1% or 49 million ALL more compared to the third quarter of 2016 and 33% or 146 million ALL more than the plan. The main impact has been the increase of the price of minerals in the international market by about 48% compared to January-March 2016 and the increase in the quantity of exported minerals by 47% compared to January-March 2016.

Income from VAT on imports was realized at 22 billion ALL, 4.9% or 1 billion ALL more than the 3-month period of 2016 and 4.7% or 987 million ALL more than the plan.

Domestic VAT revenues were realized at 9.2 billion ALL, 4.1% or 362 million ALL more than the 3-month period of 2016 and with a 91.8% realization of the plan of the period. The positive factor contributing to this result was the growth of domestic electricity and fuel production while compared with the 3-month 2016, the VAT refund has increased by 14%.

Income from profit tax was realized at ALL 11.2 billion, 3.6% or 390 million ALL more than the same period of the previous year and 36.8% or 3 billion ALL more than the plan. The main impact on this result has been the awareness raising of taxpayers for the real declaration of transactions to final consumer telecommunications.

7.7 billion Lek were realized from the personal income tax. The contribution of this item to income is 3.8% or 304 million ALL less than the third quarter of 2016 and 5.2% or 425 million ALL less than the plan due to the reduction of the tax on the sale of real estate as a result of the revaluation law to 2% from 15%, which is the basic level.

“National Tax” item was realized 8.7 billion ALL, 16.1% or 1.2 billion ALL more than the first 3 months of 2016 and with a plan realization of 114% or 1 billion ALL.Income from GDT contributions was realized at 19.6 billion ALL, 7.8% or 1.4 billion ALL more than the 3-month period of 2016 and 5% or 934 million ALL more than the plan. The high result with steady growth stems mainly from the positive economic situation and the increase as a result of the number of employees.

Overall public spending for the third month of 2017 amounted to about 91.9 billion lek, compared to the same period of 2016, which was about 11.3 percent higher or about 9.3 billion lek.

Current expenditures in relation to the 3-month plan of this year amounted to 82.7 billion lek, compared with 11.3% higher or 7.4 billion lek more compared to the same period of the previous year.

Capital expenditures for the 3-month period of 2017 represent a realization of about 9.5 billion ALL. Compared to the same period of 2016, this item is 31.5% higher, or about 2.3 billion lek more.

The realization of general expenses is 91.9 billion leks or about 97 percent against the plan of the period. This situation is accompanied by a budget surplus of approximately ALL 8.93 billion.

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