The planned budget deficit is expected to reach 2.73% of the GDP while the planned GDP growth rate has been set at 2.5%.
To realise all development plans to support planed growth, the government will take additional €250 million of financial credit funds.
One of planned measures for increasing tax revenues is raising the tax rate on salaries from 9% to 15%. Additional savings of €30 million are planned by freezing pensions in 2013.
The business community has been reacting generally negatively to the planned allocation of only €65 Million for capital investments of which €33 million will be spent on infrastructure projects.
The tax revenue is estimated to reach the levels of approximately €1.08 billion. This will largely be a result of the expected increase in VAT revenue collection. The government justifies this growth by the expected increase in exports and imports as well as the relative stabilisation of spending.
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