The Dutch Finance Ministry has announced that state revenue and expenditure levels for 2013 are in line with the prognosis contained in the 2014 Budget.
Confirming that total income from taxes and contributions will amount to around EUR225.8bn this year, the Finance Ministry emphasized that this estimate is “unchanged” from the initial prediction.
Revenue derived from taxes and contributions imposed on income, profit, and wealth is forecast to be up EUR0.5bn in 2013, compared to the initial forecast. Income from wage and income tax is expected to be up by EUR0.3bn.
In contrast, revenue flowing from indirect taxes is forecast to be down this year by EUR0.5bn overall. The disappointing overall figure is due notably to a predicted shortfall in sales tax (EUR0.4bn), excise taxes (EUR0.2bn), and import duties (EUR0.1bn).
The Netherlands’ budget deficit for 2013 is expected to stand at 3.2 percent of gross domestic product, while public debt is forecast to amount to 74.8 percent of GDP, slightly less than originally forecast in the Budget.
