Tax revenue to exceed expectations

08.05.2012, 10:00

The Finance ministry yesterday published its tax receipts report for April, which gave the prime minister reason for jubilation last week, reported ERR.

The figures for the first four months of the year signal that the government may receive more tax revenue in 2012 than was initially predicted.

From January to April, tax receipts totaled 30.6 percent of the amount predicted for the whole of the year and were up 11.1 percent compared to the same time-frame last year.

The biggest growth factors were the value-added tax and the fuel excise.

In April, the Tax and Customs Board reported receipts of 368 million euros, with the social tax accounting for 155.5 million euros.