The 2024 state budget showed a 9.1% tax revenue surplus, according to official data from the Greek Ministry of Finance.
Based on provisional execution data of the state budget for the period of January to February 2024, on a modified cash basis, a surplus of 1.460 billion euros is reported in the balance of the state budget, compared to a target surplus of 101 million euros for the same period in 2024 as included in the explanatory memorandum of the 2024 Budget, and a surplus of 2.308 billion euros for the same period in 2023.
The primary surplus on a modified cash basis amounted to 3.401 billion euros, compared to a target primary surplus of 1.981 billion euros and a primary surplus of 4.215 billion euros for the same period in 2023. A significant portion of the difference in the primary surplus target in cash terms is not included in the primary result of 2024 in fiscal terms.
Revenue from taxes amounted to 5.840 billion euros, a 581 million rise or 11.0% compared to the target, mainly due to better performance in income taxes from the previous year collected in installments until the end of February 2024 and better performance in the collection of taxes for the current year.
The expenses of the State Budget for the period of January to February 2024 amounted to 11.211 billion euros, posting an increase of 234 million euros compared to the target (10.976 billion euros) included in the explanatory memorandum of the 2024 Budget. This is also a 553 million euro increase compared to the corresponding period in 2023, mainly due to increased investment expenditure of 735 million euros.
Source: tovima.com
Latest News
Which Islands Will Have Italians Flocking to Greece this Summer?
Well-known Italian travel magazine details reasons why Skopelos, Naxos and Astypalaia are the go-to summer destinations for Italians
Antentokounmpo 5th Highest Paid Athlete in World
The basketball player rakes in 111 million dollars per year, between his salary at the Bucks and endorsements from big brands like Amazon, Nike and Pepsi
Greek FM Gerapetritis: Need to Immediately End Gaza Hostilities
Gerapetritis added that a humanitarian crisis was transpiring in Gaza, with the concerns now being spillover in the wider Middle East.
ETC Report: Greece 3rd Most Popular Destination for Europeans
Italy and Spain are tied as the top destinations, each attracting 8% of travelers
Greece Battles EC to Protect Rice Industry and Public Health
Together with several other EU countries, Greece successfully blocked the European Commission's proposal to increase allowable levels of a banned pesticide commonly found in rice imported from southeast Asia
Eurostat: 3.2% Annual Inflation in Greece in April
The data shows that Greece ranks seventh in overall inflation within the eurozone and second in food inflation
Intrum’s 2024 Report Unveils Greek Businesses Embrace Digitalization for Growth
Looking ahead, over 40% of businesses prioritize development for 2024, with 65% recognizing the potential of digital business models as sustainable investments
IOBE: Mild Drop in April Business Confidence Index (BCI) in Greece
The positive balance of expectations for employment witnessed a marginal decline, while the index for production forecasts also recorded a mild drop
Greek PM Mitsotakis Calls on EU to Intervene Over Multinationals’ Pricing Policy
Speaking about price fairness, the Prime Minister emphasized, "Europe should also mean similar or uniform prices for the products sold by our multinational corporations.
Greenhouse Gas Emissions: 4% Decrease in EU, 0.3% Rise in Greece in Q4 2023
The EU's GDP remained stable with a marginal 0.2% increase in fourth quarter of 2023