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In July Central Government Budget Surplus – LTL 64.8 million

Date

2006 08 30

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Vilnius, August 30, 2006. According to the data presented by the Ministry of Finance, in July central government budget surplus amounted to LTL 64.8 million and made up 0.1 % of the projected GDP of the current year.

In July central government budget surplus made up LTL 35.7 million, the deficit of non-budgetary funds amounted to LTL 19.4 million, the surplus of social security funds amounted to LTL 119.9 million.

In July central government revenue amounted to LTL 2119.8 million, expenditure made up LTL 1895.7 million, while transactions in non-financial assets represented LTL 159.3 million. The largest share of revenue was received from taxes (58.6 %) and social insurance contributions (33.4 %), and the largest share of expenditure (44.2 %) was allocated for social insurance benefits.

 The 7-month central government budget surplus amounted to LTL 371.9 million and made up 0.5 % of the projected GDP of the current year.

The 7-month central government budget surplus made up LTL 142.3 million, the deficit of non-budgetary funds amounted to LTL 68.6 million, the surplus of social security funds amounted to LTL 298.2 million. The 7-month central government revenue amounted to LTL 13139.7 million, expenditure made up LTL 12145.5 million, while transactions in non-financial assets represented LTL 622.3 million.

Central government sector covers the State budget, social security funds (“Sodra”, Compulsory Health Insurance and Employment Funds), as well as non-budgetary funds: Privatisation Fund, Guarantee Fund, Reserve (Stabilisation) Fund, Fund for Decommissioning of Ignalina NPP, 1990 Blockade Fund and Savings Restitution Account.

The central government financial data is published following the International Monetary Fund's Dissemination Standards and Government Finance Statistics Manual 2001.

 

Public Relations Division