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Sat, 24 Aug, 2013 03:59:48 AM
Govt announces Supplementary budget
FTimes-STT Report, August 24

The government on Friday published the supplementary budget increasing the net debt to EUR 9 billion and the amount is much higher than the estimated figure.

With the debt increase, the state debt will be EUR 93 billion at the end of this year.

Out of the amount EUR 346 million has been allocated for various stimulus projects including EUR 200 million for the infrastructural development of the Helsinki Airport. The rest amount of the allocation will be given to the sectors for renovation of the mold affected building and small roads.

The remaining EUR 0.9 billion will be needed to recover the  shortfall in income tax revenues as the earnings from tax and review was much lower compared to the targeted amount.

The supplementary budget also kept incentive and tax holiday for small entrepreneurs and farmers and the burden of administrative cost will be reduced as per the supplementary budget.

The government also took the mater of providing same amount of unemployment benefits to the people who earn EUR 300 or less per month as the benefit of the completely unemployed people.

The supplementary budget also assured to provide tax free informal scare and Kela would  pay the benefit in future without cutting the Child home care allowance. 

It also planned to bring changes in the child protection and youth work service facilities and allocate money for renovation of private roads.

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