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Ekonomia

Report of the Ministry of Finance, during 5 months more expenses than planned, income and employment improve

Report of the Ministry of Finance, during 5 months more expenses than planned,

The economy has started to recover in the first 5 months of this year. Yesterday, the Ministry of Finance published the report of fiscal data for the period January-May 2021, where it is noticed that the situation is better than 2020. The data show that the state treasury has collected in these 5 months about 1.5 billion euros, ie 31 billion ALL more than the same period last year. However, it is worth noting that, so far, comparisons are being made with those months when the pandemic had started, as the economy as a whole has not yet reached pre-crisis levels. The report of the ministry shows that employment and consumption have taken positive steps, because they have increased by 32% and 18% each, but even this item still remains far from the level of 2019, when the economy was more stable and secure. "Total revenues for the 5 months of 2021 were realized in the amount of 191.6 billion or 104% of the 5-month plan. Compared to a year ago, revenues have increased by ALL 31 billion. Tax revenues for the 5 months 2021 were realized in the amount of ALL 98.8 billion, about ALL 1.1 billion (1.1%) more than the plan for the 5 months 2021. Revenues collected from profit tax were realized in the amount of ALL 15.1 billion or 32.3% more than 2020. Personal income tax has been collected in the amount of ALL 16 billion, 18.2% more than 5 months 2020 ", reports the ministry. While, the problem is the level of income from social and health insurance, which have not moved even by 1%. This means that the number of undeclared employees whose future pension is endangered remains high. 6 billion or 104% of the 5-month plan. Compared to a year ago, revenues have increased by ALL 31 billion. Tax revenues for the 5 months 2021 were realized in the amount of ALL 98.8 billion, about ALL 1.1 billion (1.1%) more than the plan for the 5 months 2021. Revenues collected from profit tax were realized in the amount of ALL 15.1 billion or 32.3% more than 2020. Personal income tax has been collected in the amount of ALL 16 billion, 18.2% more than 5 months 2020 ", reports the ministry. While, the problem is the level of income from social and health insurance, which have not moved even by 1%. This means that the number of undeclared employees whose future pension is endangered remains high. 6 billion or 104% of the 5-month plan. Compared to a year ago, revenues have increased by ALL 31 billion. Tax revenues for the 5 months 2021 were realized in the amount of ALL 98.8 billion, about ALL 1.1 billion (1.1%) more than the plan for the 5 months 2021. Revenues collected from profit tax were realized in the amount of ALL 15.1 billion or 32.3% more than 2020. Personal income tax has been collected in the amount of ALL 16 billion, 18.2% more than 5 months 2020 ", reports the ministry. While, the problem is the level of income from social and health insurance, which has not moved even by 1%. This means that the number of undeclared employees whose future pension is endangered remains high. Tax revenues for the 5 months 2021 were realized in the amount of ALL 98.8 billion, about ALL 1.1 billion (1.1%) more than the plan for the 5 months 2021. Revenues collected from profit tax were realized in the amount of ALL 15.1 billion or 32.3% more than 2020. Personal income tax has been collected in the amount of ALL 16 billion, 18.2% more than 5 months 2020 ", reports the ministry. While, the problem is the level of income from social and health insurance, which has not moved even by 1%. This means that the number of undeclared employees whose future pension is endangered remains high. Tax revenues for the 5 months 2021 were realized in the amount of ALL 98.8 billion, about ALL 1.1 billion (1.1%) more than the plan for the 5 months 2021. Revenues collected from profit tax were realized in the amount of ALL 15.1 billion or 32.3% more than 2020. Personal income tax has been collected in the amount of ALL 16 billion, 18.2% more than 5 months 2020 ", reports the ministry. While, the problem is the level of income from social and health insurance, which have not moved even by 1%. This means that the number of undeclared employees whose future pension is endangered remains high. 3% more than 2020. Personal income tax has been collected in the amount of 16 billion ALL, 18.2% more than 5 months 2020 ", reports the ministry. While, the problem is the level of income from social and health insurance, which have not moved even by 1%. This means that the number of undeclared employees whose future pension is endangered remains high. 3% more than 2020. Personal income tax has been collected in the amount of 16 billion ALL, 18.2% more than 5 months 2020 ", reports the ministry. While, the problem is the level of income from social and health insurance, which have not moved even by 1%. This means that the number of undeclared employees whose future pension is endangered remains high.

Costs still high

The high level of spending still keeps the state budget uncertain. In the work plan for this year, suggested by the internationals, the Ministry of Finance foresaw that expenditures would remain at a constant level to mitigate the deficit. But this has not happened in this five-month period either. The Ministry reports that the budget deficit has been slightly reduced, but this reduction will not be long-term because expenditures are recorded much higher than planned and that 5 months of last year. Specifically, ALL 211 billion have been emptied from the state treasury, ie 13% more than the period January-May 2020. “Total public expenditures, for the fifth month of 2021, reached about ALL 211.9 billion with a realization in 97 percent of the period plan, while compared to the same period of 2020 this item has been 13 percent higher or about ALL 24.3 billion more. Current and capital expenditures, for the period of 5 months, have marked a realization of 98.7 percent and 75.7 percent of the period plan, respectively. The level of deficit for the 5-month period of 2021 resulted in about ALL 20.3 billion, or about ALL 6.7 billion less than a year ago ", the report states.