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Revenues to the state budget this year amounted to 7,677 million. EUR 957.1 million (11.1%) less than expected and EUR 194.1 million. EUR (2.5%) less than in the eleven months of 2019, preliminary data reported by the Ministry of Finance.
Tax revenue from the state budget this year was 7,125 million. 823.7 million euros. EUR (10.4%) less than expected and EUR 123.1 million. EUR (1.7% less) than in January-November 2019.
According to the Ministry of Finance, the lower-than-anticipated state budget revenues were largely due to tax relief measures for taxpayers affected by the coronavirus pandemic.
The companies still availed themselves of the tax deferral option: the arrears of the companies affected by the coronavirus before the State Tax Inspection and Customs on November 26 amounted to 824 million. euros.
Of this value added tax (VAT), this year 3,245 million were received. 599.9 million euros of income. EUR (15.6%) less than expected and EUR 252.8 million. EUR (7.2%) less than in the eleven months of 2019. 1,431 million of all goods subject to excise duty were received. 51.9 million euros. 57.5 million euros (3.5%) less than expected, but EUR (4.2%) more than in January-November 2019.
Revenues from the state budget and the municipal budget for personal income tax (PIT) in January-November amounted to 3,029 million. EUR 195.1 million (6.1%) less than expected, but EUR 51.2 million. EUR (1.7%) more than during the same period of 2019.
The income tax received in the eleven months was 623 million. 68.2 million euros. EUR (9.9%) less than expected, but EUR 12.3 million. euros (2%) more than in January-November of last year.
Income from the sale of other income, tangible and intangible assets and the decrease in financial assets to the State budget in January-November amounted to 541.3 million LTL. 133.4 million euros. EUR (19.8%) less than expected and EUR 71.1 million. EUR (11.6%) less than in the eleven months of 2019.
The state budget revenue approved for 2020 (excluding EU funds) amounts to 9.548 million. 11.53 billion euros with EU funds. euros.
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