In the Revised Budget, tax revenues fell by 3.5% or 6 billion ALL a trend which is reflected even in the Normative Act. Meanwhile, tax revenues in the actual budget were 35 billion ALL, lower than the initial budget or round 11.5% less. Interesting is that this figure has a huge difference even from the forecast made in the Normative Act, which is prepared in the last months of the year, to enable an Actual Budget not too much fluctuated than the initial one. Despite this the difference for tax revenues resulted in 18 billion ALL or 6 % shortfall comparing Normative Act vs. Actual Budget for 2009.
The main taxes responsible for the non-execution of the Tax Revenues in total came from firstly by Revenues from Tax offices and Customs, followed by Local Revenues and Revenues from Independent Budgets.
In the Revised Budget revenues from Tax offices and Customs decreased only by 3.2% and 1.4% in the Normative Act. However, they resulted in 11 billion ALL lower while comparing 2009 Actual Budget vs. Normative Act (or round 4.8% shortfall).
Revenues from Local taxes did not change in the Revised Budget and even in the Normative Act, while in the Actual Budget resulted in 6 billion less, or 34% shortfall.
Even the revenues from the Social and Health Budgets were more optimistic than it should have been; however the level of these revenues forecasted in the Normative Act resulted much more closely to reality by the end of 2009.
Source: Ministry of Finance
Comments and Analysis: Open Data Albania (ODA)
All the information is presented in the table below:
Source: Ministry of Finance
Comments and Analysis: Open Data Albania (ODA)