Slovakia: Tax Intake to Decrease

Politics ♦ Published: February 12, 2013; 11:50 ♦ (Vindobona)

Despite the higher income tax rates, the Slovak state revenues are expected to fall by € 360m this year.

Slovakia: Tax Intake to Decrease / Picture: ©

Due to the economic slowdown, Slovakia´s tax intake will be lower than expected. In total, the tax collection is expected to be lower by 1.3% in the period from 2013 to 2016. As a result, the fiscal targets are endangered. Nevertheless, Slovak Minister of Finance Peter Kazimir wants to lower the budget deficit below 3.0% of GDP. In 2012, Slovakia´s budget deficit came at 5.0% of…