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Croats drinking less alcohol but smoking more in economic crisis

Croatian Times

Croats are drinking less alcohol in the current economic crisis, but they are smoking alot more after the state VAT revenues were released on Thursday. In the first seven months of 2012, the Croatian state collected 63 billion kuna (8.3 billion Euros), but spent 70.2 billion Euros (9.3 billion Euros). Tax revenues collected from petrol, beer and alcohol are down, but income from tobacco sales has increased by 7.6 per cent, reports newspaper Novi list.

From January to July, the state budget was boosted by more than 8 billion Euros, which is 290 million Euros or 3.7 per cent more than last year.

Because of increased fuel prices, Croats are spending less on fuel than they did last year, not even tourist spending on car fuel has managed to see spending reach last year's level.

The tourist season, and the Euro football championships, when beer sales usually increase, still did not manage to get beer sales to the same level as last year. VAT revenue on beer sales dropped 3.1 per cent, with spirits dropping by 10.8 per cent. VAT revenue however from tobacco products increased 7.6 per cent from last year.

Tag cloud sales  drinking  revenues  fuel  prices  spirits  season  tourist  Croats  increased  collected  beer  tobacco  crisis  billion  Euros  championships  alcohol  smoking  products

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