San Marino - Public finance

The government derives its revenues mainly from the worldwide sale of postage stamps, direct and indirect taxes, and yearly subsidies by the Italian government. State budgets have increased sharply in recent years.

The US Central Intelligence Agency (CIA) estimates that in 2000 San Marino's central government took in revenues of approximately $400 million and had expenditures of $400 million.

The following table shows an itemized breakdown of government revenues. The percentages were calculated from data reported by the International Monetary Fund. The dollar amounts (millions) are based on the CIA estimates provided above.

San Marino

Tax revenue 79.6% 318
Non-tax revenue 19.9% 79
Capital revenue 0.5% 2
Grants 0.3% 1
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