Data from the Directorate General of Budget reveals that revenues rose by virtue of indirect taxes and expenses also due to public-private partnerships and debt interest.
All in all, means that by May this year, the deficit worsened compared to the same period last year.
In practice, the state collected more than 15,200 million euro up to May, an increase of 4% over the same period last year, mainly due to the increase of revenue to indirect taxes, today released the Budget General Directorate (DGO).
According to Budget execution summary released today by the DGO, the cumulative net tax revenue of the state amounted to 15.2237 billion euros by May, over 586.9 million euros than 14.6369 billion collected in the same period last year.
Until May, the net revenue from direct taxes amounted to 6.7041 billion euros, an increase of 1.3% compared to 6.6189 billion euros recorded in the same period 2014, while net income of indirect taxes amounted to 8.5196 billion euros, an improvement of 6.3% compared to the 8,018 million euros in the same period 2014.
In the first five months of this year, and before the same period last year, the revenue collected with the tax personal income (IRS) rose 0.7% to 4.7924 billion euros and the amount amassed with the Tax on Personal Income Collective (IRC) rose 0 3% to 1.8612 billion euros.
With regard to indirect taxes, the DGO highlights the performance of net revenue from taxes on value added tax (VAT) Vehicles (ISV) on energy and oil products (ISP) and Single Road (IUC).
The most marked variation there was in amealhada revenue from the ISV, which rose 25.3% to 233.6 million from euros, then the amount collected by the IUC, which rose 10.5% to 118.9 million euros until May compared to the same period 2014.
The revenue collected with the VAT increased from 7.9 % in the same period of 5.8504 billion euros in May 2014 to 6.3126 billion euros in May this year; while the ISP increased by 7.8% from 838.1 million euros in the first five months of last year to 903.3 million euros in the same period of 2015.
However, the DGO recorded a drop in revenue collected with the Tobacco Tax (IT): up to May, the amount from this tax fell 21.2% to 325.2 million euros, while in the same period of 2014 meant 412.8 million euros.
The entity led by Manuela Proenca also highlights the amounts charged until May in the Extraordinary Contribution on Banking and contribution of the Energy Sector (other direct taxes) amounting to 24.9 million euros and 23.9 million, respectively.
(With AFP)
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