The primary surplus on a modified cash basis stood at €5.683 billion for January-July 2024, compared to a target of €1.655 billion and a primary surplus of €3.558 billion for the same period in 2023, according to the Greek Finance Ministry. The Greek government budget deficit for January-July 2024 amounted to €121 million, significantly lower than the target of €3.745 billion.
According to the announcement, part of the discrepancy in tax revenue collections, amounting to €647 million, is accounted for in the 2023 fiscal result. Additionally, an amount of €2.323 billion, related to deferred transfer payments to social security funds (€1.693 billion) and defense expenditures (€630 million), does not impact the fiscal result.
The net Greek government budget revenues reached €39.205 billion, recording an increase of €881 million or 2.3% compared to the target set in the 2024 budget draft, despite the target including:
a) the expected collection in March of €1.797 billion from the Recovery and Resilience Facility (RRF), and
b) the collection in June of €1.350 billion from the concession agreement for the financing, operation, maintenance, and exploitation of the Egnatia Motorway and its three vertical road axes, which was signed on March 29, 2024.
Increased Taxes
Tax revenues amounted to €36.993 billion, up by €2.317 billion or 6.7% compared to the target included in the 2024 budget draft.
This overperformance is attributed to better-than-expected tax collections from the income of individuals and legal entities for the previous year, which were collected in installments until the end of February 2024 (an estimated €647 million is accounted for in the 2023 fiscal result), as well as stronger performance in collecting taxes for the current year. As a result, the excess in tax revenue accounted for in 2024 stands at €1.670 billion.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
Greek Energy Minister Skylakakis Announces Subsidies to Mitigate Electricity Prices
“When prices exceed a certain threshold, we intervene,” said Skylakakis
Mitsotakis: Greece is a Beacon of Stability in an Unstable World
Greek Prime Minister Kyriakos Mitsotakis described Greece as a "beacon of stability in an unstable world" following the Epiphany water blessing ceremony at Dexameni Square in Athens.
