Tax revenue up in Aruba

POSTED: 01/16/13 1:03 PM

ORANJESTAD — According to the latest financial-economic monthly report from the Central Bank of Aruba, the government received 12.1 percent more tax revenue in October than in  the same month in 2011, namely 8.8 million florins. In total the government received 81.3 million florins from taxes. The increase stems mainly from profit tax, income tax and transfer tax, by 5.1, 3.1 and 1.1 million florins respectively. The government received 300,000 florins less on income provision.

Other revenues dropped with 5.9 million florins.

The Central Bank registered a higher circulation of money with 19.4 million to 3.3 billion florins due to an increase of 122.6 million florins in the net national assets. The net international assets, however, dropped with 103.2 million florins in October.

The granting of loans brought more money into circulation; government deposits declined and development funds in the public sector increased. The number of company loans increased with 13.5 million florins. There were fewer consumer loans and mortgages.

Did you like this? Share it:
Tax revenue up in Aruba by

Comments are closed.