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

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