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Stronger tax revenues on the back of a robust economy (June 2018)

New tax and contributions projection increases expected revenues by EUR 252 to 400 mill. (0.28 to 0.37 % GDP) compared to the February forecast. Two thirds of current revision is based on better macroeconomic development, mainly due to the stronger labour market. VAT tax collection efficiency is improving compared to the last tax projection. New legislative measures increase revenues from 2019.