x

Economy

Greek Budget Τax Revenue up 15.6% in March

ATHENS – State budget tax revenue rose 15.6% in March compared with budget targets totaling 3.385 billion euros, reflecting a more efficient tax collection, the Finance Ministry said on Tuesday.

Specifically, the Greek state budget, in an amended cash basis, reported a deficit of 3.884 billion euros in the January-March period, up from a budget target for a shortfall of 3.593 billion euros but down from 5.714 billion in the corresponding period last year.

The budget recorded a primary deficit of 1.650 billion euros in the three-month period, up from a budget target for a deficit of 1.331 billion euros but down from a shortfall of 3.413 billion in 2021. Net proceeds totaled 11.963 billion euros, down 10.1% from targets, while regular budget proceds totaled 13.266 billion euros, down 7.5% from targets.

Tax revenue exceeded targets by 11.9% helped by the delayed payment of car circulation duties. Tax returns totaled 1.303 billion euros, up 280 million from targets, while Public Investment Programme revenue was 582 million euros, down 663 million from targets.

Budget spending amounted 15.847 billion euros in the three-month period, down 1.059 billion from targets, while regular budget spending fell short of targets by 1.517 billion euros and by 1.376 billion compared with the same period last year.

In March, net budget revenue was 2.990 billion euros, down 379 million from monthly targets. Regular budget revenue was 3.651 billion euros, down 58 million from monthly targets. Tax returns totaled 661 million euros, up 321 million from targets, while Public Investment Programme revenue was 35 million euros, down 570 million from targets.

RELATED

ATHENS - The United States has a strong and historic relationship with Greece because it trusts it to act in a reliable way, US Ambassador George Tsunis said on Tuesday, at the first press briefing held after meeting with Foreign Minister Nikos Dendias earlier in the day.

Top Stories

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.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Pentagon Says More High-Tech Weapons Going to Ukraine

WASHINGTON — Nearly 50 defense leaders from around the world met Monday and agreed to send more advanced weapons to Ukraine, including a Harpoon launcher and missiles to protect its coast, Defense Secretary Lloyd Austin told reporters.

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.