Albanian gov’t collects 9.5 bln ALL less than planned in 2016: Fiscal indicators
2016 ended with 9.5 billion less in the section of revenues in the state budget, if we draw a comparison with the government’s plan as it was stipulated to the normative act.
Specifically, according to fiscal indicators of the Ministry of Finance, in total by December, revenues were reported at 405 billion ALL from 414 billion ALL that was planned, and in percentile the figure corresponds to 98% of the plan.
Revenues from tax and customs marked a shortfall in value by 6.4 billion ALL, since according to the plan the figure collected should have been 282 billion ALL, but actually there are only 275 billion ALL collected.
Despite the significant shortfall in revenues, the items of revenues one by one show interesting data on business behavior and the effects of anti-informality campaign that the government has carried out these two years.
Value Added Tax has the biggest share in the shortfall with 6.5 billion ALL less, or 95% of the plan, showing a still weak consumption.
But, on the other hand, we have a compensation from income tax, with 4.3 billion ALL more, or 120% of the plan.
Small businesses, in turn, marked a realization of the plan at a rate of 225 percent. This comes as a result of a lower expectation for the tax paid by this business, which is at the level of 226 million, as a result of an easing that took place a year ago. The collected amount was 598 million ALL.
At the end of 2015, the same item was at the level of 2 billion ALL. Dividend, in turn, is the item with the weakest performance of revenues, at a level of 8 percent, while the estimated value is 83 million ALL. The plan according to the budget was 1 billion ALL.
This means that business partners have chosen to reinvest their profits inside the country, thus sharing it while at the same time avoiding taxation.
A year ago the item of the dividend was 528 million ALL.
Nertila Maho/SCAN
*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.