Croatias Jan 1-March 16 budget revenue increases 6.6% y/y.

By bne IntelliNews March 21, 2012
Croatias budget revenue increased by an annual 6.6% to HRK 21.5bn (EUR 2.85bn) in the first two and a half months of the year, news agency HINA reported, quoting finance ministry figures. The expenditures went down by 2.5% on the year to HRK 25.9bn over the period. Tax revenues went up by 7.9% on the year to HRK 11.2bn, while VAT revenue rose by 6.2% on the year to HRK 6.8bn. Tax profit revenue amounted to HRK 1.3bn, up by 32.2% on the year. Expenditures on employees went up by 2.4% to HRK 5.5bn, while material expenses dropped by 2.3% to HRK 1.8bn.

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