Budget Revenue in January 2.5% Higher Than Target

RIGA, Feb 22 (LETA) - State budget revenue administered by the State Revenue Service amounted to EUR 781.045 million last month, which is EUR 19.052 million or 2.5 percent more than projected for January, the Revenue Service announced on Friday.

Compared to January 2018, budget revenue has increased EUR 35.164 million or 4.7 percent.

According to the Revenue Service's data, the total amount of social contributions was EUR 274.877 million, exceeding the target the most, by 7.3 percent. The increase was thanks to the increasing number of employees and average wage, as well as one percentage point increase in the social insurance contributions rate.

Personal income tax revenue amounted to EUR 151.276 million in January - 5.8 percent more than projected.

Excise tax revenue was EUR 89.965 million, exceeding the target by 3 percent. Excise tax on oil...