The Council of Public Finance continues to consider that the proposed state budget contains “important risks” with the government to reveal little prudence in forecasting on both the revenue and expenditure sides. Calculations of Teodora Cardoso team point to the risk of a hole in revenue from indirect taxes of almost EUR 600 million (almost 0.3 points of GDP).
In the analysis of the CFP, the government adopted measures that will ensure more 126 million in tax revenue, but estimated that fitting with direct and indirect taxes go up 2,459 million euros, the activity of recovery of hitchhiking . This difference leads the team of CFP economists to consider that “the evolution of the expected revenue for 2016 is of some optimism,” and that “difference is more relevant in the areas of indirect taxation”.
To assess the risks taken by the Government, the CFP left the European Commission estimates of indirect tax revenue published in January, and set the the budgetary measures proposed by the Government since – and including more taxes on tobacco, oil and vehicles. The result points to “well below the forecast of the Ministry of Finance”, with a forecast of revenues around EUR 588 million lower than that in the 2016 budget proposal, reads the analysis report to the State Budget published Tuesday . -feira, March 1st
the CFP experts warn that the Government may not have taken into account the fact that the projected rise in indirect taxes dictate power consumption breaks: “in the case of indirect taxes does not seem to be taken into account the likely reaction of economic agents to reduce the quantity demanded of goods on which focus significant increases in taxation, such as the Tobacco tax and Vehicle tax “.
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