The growing economy continues to pull tax revenues upwards (February 2018)

We are revising the forecast of tax and contribution revenues over the entire forecast horizon upwards by EUR 150 to 255 million (0.2 to 0.3 % of GDP) compared to the September projection. Growth of the wage base and household consumption will positively affect General Government revenues. Revenues will increase mainly for the Social Insurance Agency and public health insurance, while the state budget will benefit from the stronger labor market only marginally. Compared to the General Government budget for 2018 to 2020 the revision increased revenues by EUR 134  to 223  million.