Greek state budget revenue exceeded targets in January-August | greece economy
ATHENS – Greek state budget revenues were satisfactory in August despite a one-month extension of the deadline for filing tax returns, with higher tourism revenues and a sharply lower budget deficit compared to initial estimates over the January-August period, the ministry said on Thursday. Ministry sources said that the increase in tourism receipts for July and August and the payment of income tax in September are expected to impact budget revenue in the coming months and that these provisions will be included in the plan. draft state budget that will be tabled in Parliament in early October.
The state budget recorded a deficit of 10.523 billion euros over the January-August period, down from a budget target of 13.487 billion euros, but up from a deficit of 9.681 billion in during the same period last year. The primary result showed a deficit of 6.385 billion euros over the eight-month period, against a primary deficit target of 9.405 billion and a deficit of 5.484 billion for the same period last year.
Net revenue amounted to â¬ 34.682 billion, up 7.6% from budget targets, while regular budget revenue amounted to â¬ 37.506 billion, up 6.7% in relation to the objectives.
Tax revenues totaled 28.758 billion euros, down 0.5% from targets, while tax returns totaled 2.824 billion euros, down 89 million from targets. Revenues from the Public Investment Program amounted to 3.404 billion euros, down 292 million from targets.
Budget spending totaled 45.205 billion euros in January-August, down 1.1% from targets but 5.474 billion euros from the same period last year.
In August, budget revenue was â¬ 7.713 billion, up â¬ 3.085 billion from monthly targets, while regular budget revenue was â¬ 8.045 billion, up â¬ 3.012 billion from monthly targets. Goals. Tax revenue totaled 4.383 billion euros, down 0.9% from targets, while tax returns totaled 332 million euros, down 73 million from targets. Revenues from the Public Investment Program amounted to â¬ 1.227 billion, up â¬ 735 million from monthly targets.