Greek State Budget Revenue Surpassed Targets in January-August

September 16, 2021

ATHENS — Greek state budget revenues were satisfactory in August despite an one-month extension in a deadline for the submission of tax declarations, with tourism revenues up and the budget deficit falling significantly compared with initial estimates in the January-August period, the finance ministry said on Thursday. Ministry sources said that increased tourism revenue for July and August and the payment of income tax in September are expected to impact budget revenue in the coming months and that these provisions will be included in the draft state budget to be tabled in Parliament in early October.

The state budget recorded a deficit of 10.523 billion euros in the January-August period, down from a budget target for a deficit of 13.487 billion euros, but up from a shortfall of 9.681 billion in the same period last year. The primary result showed a deficit of 6.385 billion euros in the eight-month period, down from a target for a primary deficit of 9.405 billion and a deficit of 5.484 billion in the same period last year.

Net revenue was 34.682 billion euros, up 7.6 pct from budget targets, while regular budget revenue was 37.506 billion euros, up 6.7 pct from targets.

Tax proceeds totaled 28.758 billion euros, down 0.5 pct from targets, while tax returns totaled 2.824 billion euros, down 89 million from targets. Public Investment Programme revenue was 3.404 billion euros, down 292 million from targets.

Budget spending totaled 45.205 billion euros in January-August, down 1.1 pct from targets but by 5.474 billion euros compared with the same period last year.

In August, budget revenue was 7.713 billion euros, up 3.085 billion compared with monthly targets, while regular budget revenue was 8.045 billion euros, up 3.012 billion from targets. Tax proceeds totaled 4.383 billion euros, down 0.9 pct from targets, while tax returns totaled 332 million euros, down 73 million from targets. Public Investment Programme revenue was 1.227 billion euros, up 735 million from monthly targets.


ATHENS - Greek public debt totaled 357,295 billion euros at the end of the third quarter of 2021, from 337,666 billion in the corresponding period in 2020, Hellenic Statistical Authority said on Friday.

Top Stories


BOSTON – The Holy Synod of the Patriarchate of Alexandria in its recent meeting dealt with the ecclesiastical coup perpetrated by the Patriarchate of Moscow in its canonical jurisdiction, calling it an “immoral invasion and intrusion.


NEW YORK - Some 21 years after it was destroyed in the September 11, 2001 terrorist attacks in the United States that brought down the Twin Towers in New York City, the new St Nicholas Greek Orthodox Church rising in its place is among the most eagerly awaited architectural openings of 2022.


STATEN ISLAND, NY – For yet another year, the community of Holy Trinity-St Nicholas in Staten Island honored couples celebrating 50+ years of marriage with a modest ceremony held at the church immediately following the Divine Liturgy on January 16.


1 NYPD Officer Killed, 1 Severely Injured in Harlem Shooting (Vid)

NEW YORK (AP) — A New York City police officer was killed and another critically wounded Friday night while answering a call about an argument between a woman and her adult son, officials said, making four officers shot in the city in as many days.

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.