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GreeceBusinessPrimary surplus of 2.443 bln euros compared to a primary deficit target...

Primary surplus of 2.443 bln euros compared to a primary deficit target of 869 mln euros in Jan-Apr

Hellenic News of America
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The State Budget Primary Balance amounted to a surplus of 2,443 million euros for the period of January – April of 2023, against the primary deficit target of 869 million euros and the primary deficit of 799 million euros performed at the same period of the previous year.
Tax revenues amounted to 17,803 million euros, 1,567 million euros or 9.7% higher against the target which is included in the 2023 budget introductory report.

According to the data available for the execution of the State Budget on a modified cash basis, the State Budget balance for the period of January – April of 2023 presented a deficit of 789 million euros, against a target of a deficit of 3,829 million euros that has been incorporated for the same period of 2023 in the 2023 budget introductory report and a deficit of 3,316 million euros for the same period of 2022. The State Budget Primary Balance amounted to a surplus of 2,443 million euros, against the primary deficit target of 869 million euros and the primary deficit of 799 million euros performed at the same period of the previous year.

State Budget net revenues amounted to 21,057 million euros, showing an overperformance of 2,511 million euros or 13.5% against the target of the corresponding period, which is included in the 2023 budget introductory report. This increase is mainly due to: (a) the increased 4-months tax revenues, (b) the collection of an amount of 603 million euros from ANFAs, that was not projected in the 2023 budget introductory report and (c) the increased revenues of the PIB.

State Budget total revenues amounted to 23,185 million euros, 2,901 million euros higher or 14.3% against the target.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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