SLO: Budget revenues from VAT reduced by almost a quarter

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Slovenian Tax Administration data show that until August, the total tax proceeds into the treasury amounted to 532 million euros , more than for the previous month .

However , the tax proceeds from the sale of the goods and services ( which includes VAT ) amounted to slightly more than 400 million euros , as much as 23 percent less than in July . From the Tax Administration noted that an important reason for the reduction of administrative nature. The last day of August , in fact, was a Saturday , so that part of the inflows poured in September . Also, in July was paid part of july tax and VAT tax, which are paid every three months.

However, economists Mark Jaklic with the Faculty of Economics in Ljubljana emphasizes that questions  are not only reasons of administrative nature, but that it contributed to lower consumption due to high levels of uncertainty.

“Many are unemployed or on the verge of unemployment ,” he added Jaklic .

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