Lithuanian state, municipal revenue EUR 109 mln above target in Jan-Nov

VILNIUS – Lithuania's central government and local authorities collected a total of 8.317 billion euros in budget revenue in January through November, which is 1.5 percent (EUR 109 mln) above the projected level.

The central government's budget revenue for the 11 months came in at 5.854 billion euros, 0.2 percent (EUR 13.6 mln) below target, the Finance Ministry said on Thursday.

Value-added tax (VAT) brought 3.159 billion euros into the state's coffers, 0.8 percent (EUR 24.7 mln) above the projected level, while excise duties contributed 1.217 billion euros, which is 1.5 percent (EUR 18.2 mln) below target.

Revenue from the corporate income tax, at 505 million euros, fell 8.5 percent (EUR 47 mln) short of the target and the personal income tax generated a total of 1.422 billion euros in central government and municipal budget revenue, some 5.3 percent (EUR 71.6 mln), more than planned.

This year's central government budget projects 6.386 billion euros in annual revenue not including EU funds and 8.487 billion euros including EU funds.