x

Economy

Budget Tax Revenue up 13.7% from Targets in January-September

October 17, 2022

ATHENS – Tax revenue exceeded targets by 13.7% or 4.902 billion euros in the January-September period, totaling 40.644 billion euros, the finance ministry said in a report on Monday.

Alternate Finance Minister Theodore Skylakakis, commenting on the budget execution data, said that the September tax revenues were compatible with the targets of the draft budget plan and evidence of strong growth in the third quarter of 2022.

The state budget showed a deficit of 4.236 billion euros in the nine-month period, on an amended cash basis, from a budget target for a shortfall of 10.081 billion and a deficit of 10.150 billion euros in the corresponding period last year. The primary result showed a surplus of 37 million euros, from a budget target for a deficit of 5.943 billion and a primary deficit of 5.960 billion in the same period in 2021. Net revenue was 44.008 billion euros, up 13.4% from targets, while regular budget revenues were 48.348 billion euros, up 14.5% from targets. Tax returns totaled 4.340 billion euros, up 917 million from targets, while Public Investment Programme revenue was 2.394 billion, down 466 million from targets.

Budget spending in the January-September period totaled 48.245 billion euros, down 641 million from targets and down 1.355 billion euros compared with the same period last year.

In September, budget revenue was 4.776 billion euros, down 492 million from monthly targets, while regular budget revenue was 5.541 billion, down 279 million from targets. Tax revenue was 4.909 billion euros, down 11% from targets. Tax returns totaled 765 million euros, up 213 million from targets, while Public Investment Programme revenue was 473 million, up 383 million from targets.

RELATED

ATHENS - Coming out of nowhere to rise to third in the world in Blue Flag beaches certified as having pristine waters and conditions, Turkey plans to overtake number one Spain and number two Greece to become first.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Hawaii’s Mauna Loa Starts to Erupt, Sending Ash Nearby (Video)

HONOLULU — Hawaii's Mauna Loa, the world's largest active volcano, has started to erupt for the first time in nearly four decades, prompting volcanic ash and debris to fall nearby, authorities said Monday.

DOHA, Qatar — The gilded stadiums are among the most spectacular in the world.

WASHINGTON — Kristaps Porzingis scored a career-high 41 points, including 29 in the first half, and the Washington Wizards beat Minnesota 142-127 on Monday night after Timberwolves star Karl-Anthony-Towns was helped off the court in the third quarter with a right leg injury.

PHILADELPHIA — Joel Embiid won one for the 76ers in 60 seconds.

LOS ANGELES — In a filthy alley behind a Los Angeles doughnut shop, Ryan Smith convulsed in the grips of a fentanyl high — lurching from moments of slumber to bouts of violent shivering on a warm summer day.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.