This amount represents a substantial growth of 17% compared to the same month in 2024, equal to an additional 5.6 billion lek in revenue. The rise highlights a steady improvement in tax compliance, economic activity, and administrative efficiency.

Moreover, when measured against the planned target for the month, tax revenues surpassed expectations by 1.7 billion lek, or 4.7% above the projected figure.

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According to the Finance Ministry, state budget collections in 2024 totaled around 710.3 billion lek or 99.5% of the planned tax revenue. The figure represents 105.1% of the annual plan according to the initial budget projections.

Data show that tax administration collected 66.6 billion leks more collected compared to 2023, up by 10.4%.

According to the Ministry of Finance, state budget revenue from taxes and customs duties amounted to 457billion lek, registering an increase of 8.2% or 34.5 billion lek more compared to 2023.

Tax revenue collected by the customs administration (revenue from VAT on imports, excise duties customs taxes and mining royalties amounted to 229.5 billion lek, marking an increase by 5.9% or 12.7 billion lek more than collected in 2023.

According to Finance Ministry, tax revenue from VAT, personal income, profit tax and national taxes totaled 227.4 billion lek or 21.8 billion lek more than in 2023.

Social and health insurance contributions also climbed by 11.9% on the year to 160.7 billion lek or 17.1 billion lek more than in 2023.

Public spending in the 12-month period of 2024 totaled 728.6 billion lek and the figure represents 98.8% of the annual planned spending, recording an increase by 8% year-on-year.

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According to the taxation administration, the country has seen a significant rise in tax revenue collections in November and in the 11-month period of 2024.

State budget revenue collections amounted to 32 billion lek in November, with 1.4 billion lek more than planned or 3 billion lek more collected compared to the same period last year.

Tax revenue since January totaled around 370 billion lek, 4.8 billion lek more than planned or 46.7 billion lek more collected than during the same period of 2023.

The increase is credited to improved compliance and economic growth and reflects relentless efforts of the tax administration to improve tax collections and fiscal consolidation.

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The strategy outlines detailed reforms and tax policies, well management of tax and custom to deliver on a 2.5% increase in tax revenue collections as a share of the GDP in the coming four years.

The key tax and administrative reforms included in the Medium-Term Revenue Strategy have been drafted through assistance of the International Monetary Fund, based on the European Union directives, taxation policies and customs management.

According to the Strategy, the tax revenue collections will be generated by the increase in revenues from fiscal policies by about 0.33% of GDP, the increase in revenues from good tax administration, with 1.96% of GDP and increased revenue from good customs administration, with 0.17% of GDP.

The strategy proposes a revision of the taxation and tax policies on consumption, as well as property tax rates.

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