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GreeceBusinessGreek budget showed a primary surplus of 5.987 billion euros in Jan-Sept

Greek budget showed a primary surplus of 5.987 billion euros in Jan-Sept

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Greek state budget showed a primary surplus of 5.987 billion euros in the January-September period, up from a budget target for a surplus of 2.436 billion and a surplus of 52 million in the same period last year, reflecting higher VAT receipts and higher income tax revenues.

The National Economy and Finance Ministry in a report said that the general government budget showed a deficit of 397 million euros in the 9-month period, from a budget target for a deficit of 2.704 billion and a shortfall of 4.221 billion in the same period last year.

Net revenue was 48.296 billion euros, up 23 million from targets, while regular budget revenue was 53.281 billion euros, up 1.1% from targets.

Tax revenue amounted to 44.916 billion euros, up 7.4% from targets,as VAT revenue were up 779 million to 17.201 billion euros, special consumption tax revenue was 5.192 billion, down 100 million from targets, property tax proceeds totaled 14.918 billion, up 1.614 billion from targets, transfers revenue were down 2.133 billion euros to 4.979 billion, revenue from sale of goods and services fell 1.6 billion from targets to 639 million, while Public Investment Programme revenue was 2.701 billion, dowm 899 million from targets. Tax returns totaled 4.985 billion, up 561 million from targets.

Budget spending totaled 48.693 billion euros, down 2.284 billion from targets, but up 449 million from the same period last year. Regular budget spending fell 1.165 billion euros from targets. Public Investment Programme totaled 6.568 billion euros, down 1.119 billion from targets.

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In September, budget revenue was 5.178 billion euros, down 39 million from targets, while regular budget revenue was 5.646 billion, down 250 million from targets. Tax returns totaled 468 million euros, down 212 million from monthly targets, while Public Investment Programme revenue was 349 million, up 89 million from targets.

SOURCE; ANA-MPA

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