Tax receipts almost 10% less than projection so far

In the first ten months of this year tax receipts of the state were 9.9% lower than the projected figure.

Total tax receipts for the January-October period came to EUR 6.47 billion, which EUR 710.83 million short of the forecast.

Among other things, personal income tax produced 39% less than the projected figure, with a similar shortfall seen in corporate income tax, which was 35.5% less.

This is quite a large difference, as the projection of tax receipts for last year was only 0.71% off the mark. Some might say that the projected figures were intended to up the figures under the former government before the election.

In total Slovakia has forecast EUR 8.62 billion in tax receipts this year, with this figure already achieved to the level of about 75.09%.

1 Comment

  1. Starve the beast!

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