Greece’s state budget posted a primary surplus of 5.596 billion euros in the January-August 2023 period, up from a budget target for a surplus of 2.314 billion and after a primary surplus of 19 million euros in the corresponding period in 2022, the finance ministry announced on Monday.
Specifically, calculated on an amended cash basis, the state budget posted a deficit of 92 million euros in the eight-month period, compared to a budget target for a deficit of 2.426 billion euros and a shortfall of 4.105 billion euros in the same period last year.
Net revenue reached 43.118 billion euros, up 0.1 percent from the target. Regular budget revenue was 47.636 billion, up 1.8 percent from targets. Tax revenue reached 39.838 billion euros, up 9.2 percent from target, reflecting an increase in VAT remittances of 805 million euros, a decrease in special consumption tax revenues by 60 million euros, an increase in property taxes by 10 million euros, and a rise in income tax revenues by 1.710 billion euros.
Budget spending totaled 43.210 billion euros in the January-August 2023 period, down by 2.273 billion euros from the target, and lower by 127 million euros compared with the corresponding period in 2022. Regular budget spending was down by 1.484 billion euros from targets. Public Investment Programme spending reached 5.842 billion euros, down by 789 million from targets.
In August, net revenue was 5.970 billion euros, up by 599 million from the monthly targets, while regular budget revenue was 6.541 billion, up 735 million euros from targets. Tax returns totaled 571 million euros, up 136 million euros from the monthly targets.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
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
HEREMA CEO: High Expectations from Natgas Exploration Off Crete
3D seismic surveys were conducted in the two offshore blocks west and southwest of Crete by a consortium comprised of ExxonMobil and HelleniQ Energy
EC Spring Forecast: Greek GDP at 2.2 in 2024, 2.3% in 2025
Besides Greek GDP inflation is expected to drop by a substantial 2.4% in 2024, settling at 2.8% from 4.2% in 2023 with 2025 recording a further decline to 2.1%
EBRD Raises Outlook for Greek GDP to 2.3% in 2024, 2.6% in 2025
Key downside risks remain, associated with possible delays in deploying Recovery and Resilience Facility (RRF) funds and weaknesses in key export markets and tourism source countries
Real Estate Insights: Athens’ Top Areas with the Highest Yields
In the first quarter of 2024, Korydallos in the Piraeus region and the burgeoning Attiki Square retain their top spots with impressive yields of 6.3%
ELSTAT: Inflation at 3.1% in April
Olive oil (63.7%), fruit (11.6%), fish (10.6%), and mineral water (12.5%) registered the highest increases annually
Greek Sunlight CEO Joins Industry Titans at Choose France Summit
At the heart of the "Choose France Summit" was the discussion surrounding the production of lead-acid and lithium-ion batteries, crucial for the green transition and storage of renewable energy.
Insights into Greece’s Real Estate Landscape; Consumer Expectations and Challenges
The study indicates that while 66% of Greeks find recent real estate price hikes concerning and liken them to a "bubble," over half (56%) still anticipate further increases.
Athens in Top 10 Best Value City Breaks
Every year, Post Office Travel Money compares the costs of short breaks in cities across Europe for UK holidaymakers
Athens Int’l Airport: Americans Lead Total Passenger Traffic in Q1
According to the data processed by AIA, the top 10 in foreign arrivals are dominated by Americans, followed by the British and Germans. Other top nationalities include Cypriots, Italians, French, Dutch, Israelis, Poles, and Turks.
