FinMin: State Budget Deficit Down to €3.637 billion in July

Bratislava, 1 August (TASR) - The state budget saw a deficit of €3.637 billion at the end of July 2025, which was an improvement of €553.3 million, or 13.2 percent year-on-year (y-o-y), the Finance Ministry announced on Friday. State-budget income grew by €1.942 billion, or 16.8 percent y-o-y in the seventh month of the year, while expenditure rose by €1.388 billion, or 8.8 percent. "Tax revenue grew by €1.559 billion (or 15 percent) y-o-y in July. Of this, the highest proportion as usual came from value-added tax, bringing in €782 million more than the year before. The amount of corporate tax collected rose by €220.9 million, that of withholding tax by €18.1 million, while the amount of excise taxes garnered grew by €77.8 million," said the Finance Ministry. Despite an increase in transfers to local government of €110.4 million, the Finance Ministry also reported a positive development in income tax revenues, which went up by €224.8 million. Income from the special levy from businesses operating in regulated branches increased by €80 million y-o-y. The new financial transaction tax brought €124.5 million into state coffers in May. The solidarity contribution from activities in the oil, natural gas, coal and refinery sectors rose by €25.7 million y-o-y and the collection of international trade and transaction tax grew by €7.6 million y-o-y. Conversely, negative developments were seen in taxes for the use of goods, which brought in €8 million less than in July last year. "Positive developments were posted in revenues from the EU budget, which went up by €413 million, or 116.1 percent y-o-y," stated the ministry. The cost of state-debt servicing grew by €311.8 million (40.8 percent) in July. ko/mcs