Total budget revenues for the first seven months of 2016 are 16 billion ALL more than the same period of one year ago.
Tax and Customs collected 19.3 billion ALL, 10.6% ore than one year ago. Excise has also brought more money, due to the increased quantity of imported cigarettes and other excise goods”.
Mining honorary taxes have dropped with 36.7%, due to the dropped oil price in the international market, which has caused a chain effect with VAT from import, which has dropped with 1.9%.
The government is still being cautious with spending, realizing only 89% of what has been planned for this period. Most of the budget has been spent for public investments and local government. There is a budget surplus of 18 billion ALL.
Top Channel
