The Greek state budget posted a lower-than-forecast deficit in the January-November 2022 period.
Specifically, the state budget – on an amended cash basis – recorded a deficit of 5.648 billion euros in the 11-month period of the year, down from a budget target for a deficit of 6.760 billion euros and a shortfall of 12.267 billion in the same period last year. The primary result showed a deficit of 1.091 billion euros, down from a budget target for a deficit of 2.239 billion, and a primary shortfall of 7.882 billion in 2021.
Budget revenue amounted to 53.430 billion euros, up 0.5 percent from budget targets, while regular budget revenue was 58.981 billion euros, up 0.8 percent from targets. Tax revenue amounted to 50.178 billion euros, up 0.9 percent from targets, with VAT revenue up by 135 million euros, special consumption tax revenue up by 52 million, property tax revenue up by 100 million euros and income tax revenue up 154 million from targets.
Tax returns totaled 5.551 billion euros, up 190 million from targets, while Public Investment Program revenue totaled 2.868 billion, down 75 million from targets.
Budget spending totaled 59.078 billion euros in the January-November period, down 823 million from targets and down 1.665 billion euros compared with the same period in 2021. Regular budget spending was down 824 million from targets.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Cocktail of Dust and Heat Brings Stifling Sunday Weather
Meteorologists expect the conditions to persist until at least Wednesday
Greek Hotels Vindicated by Commission’s Ruling on Booking.com
The Commission has ruled that Booking is a "gatekeeper" and must comply with the Digital Marketing Act, addressing complaints by the European Hotel Industry and Hellenic Chamber of Hotels
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
