OREANDA-NEWS. November 28, 2011. This is stipulated by the draft law about the state budget, 2012 which contains new macroeconomic parameters approved by the ministry of finance. The ministry has present this document for the government’s consideration.

The draft law provides that in 2011, the state budget revenue will make 21 bln. 367,3 mln. leis (21 bln. 494 mln. leis predicted), with expenditures being 22 bln. 164,3 mln. leis (22 bln. 183 mln. leis predicted). It is planned that the budget revenues in 2012 (in comparison with the current year adjusted indicators) will rais by 2 bln. 280,1 mln. leis (11,9%). In 2012, the revenues administrated by the state fiscal service will made 5 bln. 787,4 mln. leis (27,1% in the total volume of the state budget revenues) surpassing the expected indicators of 2011 by 540,3 mln. leis (10,3%).

At the same time, the revenues administrated by the state customs service are predicted at the 13 bln. 361,5 mln. leis level (62,5% of the total sum of incomings), which is 1 bln. 874,8 mln. leis (16,3%) higher against the 2011 indicators. The biggest share of revenues (78,1% or 16bln. 686,7 mln. leis) is predicted to fall to fiscal incomings.

They will rise by 1 bln. 848,9 mln. leis (12,5%) as compared with 2011. the non-fiscal revenues are predicted at the 830,7 mln. leis level and will rise by 78,4 mln. leis (10,4%). It is expected that the main sources of the state budget revenue in 2012 will be VAT on imports ((45,4% of the revenues total volume), VAT on domestic goods and services (16%), grants for externally financed projects (6,5%).

In 2012, the main budget expenditure line will be social insurance, (17,8%); health care (12,3%) and education (10,3%).