The budget collects 600 million euros more, the main contributors being wage earners

2023-12-19 11:21:01Biznes SHKRUAR NGA REDAKSIA VOX

The budget collects 600 million euros more, the main contributors being wage

Revenues collected from taxes and taxes paid by citizens and businesses have shown a positive trend for the 11th month, reflecting the more expensive prices in the local market, the profits of businesses and even labor taxes, which are levied from income tax and salaries, as a result of the increase of the latter.

According to the preliminary data of the Ministry of Finance, the budget collected for the 11th month 586.38 billion ALL or +63.48 billion ALL, or +12.1% more than the same period of the previous year.

About a third of the increase came from social and health insurance and income tax, with individuals bearing the brunt of the burden from their wages and income.

Businesses through profit tax influenced 25% of the growth

According to the official announcement of the Ministry of Finance, the total income for the 11th month of 2023 was realized in the amount of 586.38 billion Lek or 99.4% of the plan for the same period. Compared to a year ago, revenues increased by +63.48 billion ALL or +12.1% more.

The revenues collected by the General Directorate of Taxes and the General Directorate of Customs (including Contributions collected by DPT) were estimated at 512.3 billion ALL, 47.1 billion or 10.1% more, compared to the same period of 2022, as well as 913 million or 0.2% less than the 11-month plan for 2023, according to AN no. 5, dated 18.10.2023.

Customs revenues (revenues from import VAT, excise duties, customs taxes and royalties) were realized in the amount of 197.5 billion ALL, 3.6 billion ALL or 1.8% less than 11 months 2022, as well as 2.5 billion ALL or 1.3% less than the customs revenue plan for the 11th month of 2023.

Import VAT revenue for the 11th month resulted in 133.5 billion ALL, 7.4 billion ALL or 5.3% less than the same period of the previous year, as well as 2.2 billion or 1.6% less than the plan for the 11th month of 2023.

Excise revenues were realized in the amount of 53 billion ALL, 4.3 billion ALL or 8.9% more than the same period of 2022, as well as 508 million ALL or 0.9% less than the excise plan for the 11th month of 2023.

Revenues from mining rents in export were realized in the amount of 2.7 billion ALL, 1.2 billion or 31.4% less compared to the same period of last year and realization in the amount of 95.1% compared to the plan for the 11th month of 2023.

Revenues from customs taxes have been collected in the amount of 8.3 billion ALL, 667 million ALL or 8.7% more than the 11th month of 2022, as well as realization in the amount of 103.6% against the plan.

Tax revenues (revenues from net VAT in the country, profit tax, personal income tax, national taxes and contributions collected by DPT), for the 11th month of 2023, were realized in the amount of ALL 314.8 billion, 50.7 billion or 19.2% more than the 11 months of last year, as well as 1.6 billion ALL, or 0.5% more than the plan for the 11 months of 2023.

Revenue from collected VAT (net) was realized in the amount of 43.1 billion ALL, 7.2 billion or 20% more than 11 months of 2022, as well as 556 million or 1.3% less than the plan of VAT to be collected in 11 the month of 2023.

Refunds for the period of 11 months 2023 are 18.9 billion ALL, 3.3 billion ALL or 21.1% more than 11 months 2022, as well as 2.4 billion ALL or 14.7% more than the VAT refund plan for 11 months 2023.

The income collected from the profit tax was realized in the amount of 57 billion ALL, 16.1 billion ALL, or 39.3% more than the 11th month of 2022, as well as 1.3 billion ALL or 2.3% less than the plan of the 11th month of 2023 for Tax on Profit.

Personal income tax was collected in the amount of 53 billion ALL, 11.7 billion ALL or 28.3% more than the 11th month of 2022, as well as 1.1 billion or 2.1% more than the plan of the 11th month of 2023.

National taxes for the period of 11 months 2023 were realized in the amount of 34.3 billion ALL, 3.4 billion ALL or 9% less than the 11th month of 2022, as well as 329 million ALL or 1% less than the plan for the 11th month of 2023.

The income collected from contributions for social and health insurance (administered by DPT), was realized in the amount of 127.6 billion ALL, 19.3 billion ALL or 17.8% more than the 11th month of 2022, as well as 100.1% realization of the plan for the 11th month of 2023 .

EXPENCES

General public expenditures, for the eleven-month period of 2023, reached about 548.6 billion ALL with a realization of 95.8 percent of the plan for the period, while compared to the same period of 2022, this item was 6.8 percent higher or about ALL 34.9 billion more.

In annual terms, the general expenses for the 11-month period of 2023 were realized to the extent of 78.6 percent of the annual plan according to the initial budget and 77.7% of the annual plan according to Normative Act no. 5 dated 18.10.2023 (AN no. 5).

Current and capital expenses have marked a realization respectively in the amount of 97.4 percent and 87.8 percent of the plan of the period. Meanwhile, in annual terms, they were realized respectively in:

– 86.9 percent and 59.3 percent of the annual plan according to the initial budget and

– 86.1 percent and 53.7 percent of the annual plan according to AN no. 5.

Current expenses for the 11-month period of 2023 resulted in approximately ALL 475 billion, while compared to the same period a year ago, this item was 11.3 percent higher or approximately ALL 48.3 billion more.

Capital expenditures for the 11-month period of 2023 represent a realization in the amount of 73.4 billion ALL. Compared to the same period of 2022, this item is 16.5 percent higher or about 10.4 billion ALL more.

The level of the surplus for the 11-month period of 2023 resulted in about 37.8 billion ALL from about 17.2 billion ALL surplus planned for this period. Compared to the same period a year ago, the level of the surplus has resulted in about 28.6 billion ALL more.


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