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Economy

Revenues for the 10-month period increase by 8% compared to the pre-crisis period

  • 11/15/2021 6:07 PM
Revenues for the 10-month period increase by 8% compared to the pre-crisis period

The performance of budget revenues has been positive for the first 10 months of this year.

According to the fiscal statistics of the Ministry of Finance, for the period January-October a total of ALL 413 billion was collected, with an increase of 17% compared to the same period of 2020, when the country was suffering the consequences of the pandemic.

Revenues have exceeded the pre-crisis level, while compared to January-October 2019, budget revenues have increased by 8%.

According to the official announcement of the Ministry of Finance, the preliminary performance of the consolidated fiscal indicators for the 10-month period (January - October 2021) reflects the performance of revenue collection and realization of expenditures.

Total revenues for the 10-month period of 2021 were realized at the rate of 104.2% of the 10-month plan. The total public expenditures for the 10-month period of 2021 were realized at the rate of 91.8% of the period plan. In accordance with the budget forecasts and macroeconomic indicators, the level of deficit in the month for the 10-month period of 2021 turned out to be about ALL 35.9 billion.

/Klara Ruci/