According to the Institute’s calculations, GDP grew by 1.7% in 2022 and is expected to go up by 1.5% this year.
The biggest plus in government revenue came through VAT last year. Similarly, revenue from household taxes and social contributions increased by 10%.
Revenue from taxes related to funds, petrol, and tobacco stagnated last year, however. The same goes for business taxes.
In its most recent publication, the STATEC still estimates that a wage indexation will become necessary in February. The document further predicts that prices on the housing market are bound to calm down despite stabilising on an extremely high level.
The situation in the construction sector, on the other hand, is described as more dire with an 8% decrease in developed projects in October last year.
