The Cabinet approved the report for state budget performance for the first half of 2007.

Revenues for the first six months of 2007 under the consolidated fiscal programme exceed 11.25 billion leva or 52.6 per cent from the planned revenue in the beginning of the year, investor.bg reported.

This is a growth of 17.4 per cent on annual base. The plan over-fulfillment is mainly due to increased revenue from taxes which are by 17.9 per cent higher compared to the taxes for the same period of 2006.

Direct taxes exceeded 2.3 billion leva on June 30 2007, which are 70.6 per cent of the planned for the year and by 32.5 per cent higher than the same period of 2006.

Revenue from indirect taxes is nearly 4.53 billion leva, an increase of 14.4 per cent on annual base.

Expenditures on the consolidated fiscal programme exceed 9.09 billion leva.

Revenue from corporate tax totaled 1.09 billion leva, 82.9 per cent of the annual plan. Revenue from taxes on private persons’ income totaled 816.7 billion leva, 56.5 per cent of the planned revenue for the year.