Greece exceeds budget revenue targets and slashes expenses
The Ministry of Finance has published its figures on the budget execution for the five-month period between January and May, according to which net state revenue amounted to 19.194 billion euros, exceeding the target for 2016 by 1.7%.
The net revenue of the regular budget amounted to 17.249 billion euros, exceeding targets by 759 million euros (4.6%). Revenue refunds amounts to 1.206 billion euros, exceeding targets by 128 million euros.
As for budget expenses, the Ministry noted that they amounted to 22.022 billion euros, which is 2.738 billion euros lower than the initial target. Regular budget expenses amounted 18.9 billion euros, which was 2.367 billion euros less than the initial target.
You may be interested
Turkish lira continues its freefallmakis - May 21, 2018
The Turkish lira has continued to plummet so far in 2018, sinking to fresh all-time lows as a worrisome cocktail…
Businessman commits suicide in Athensmakis - May 21, 2018
A 90-year-old businessman in Athens put an end to his life in his house in Athens. The man, who was…
Anarchist group Rouvikonas invades Council of State Plenary sessionmakis - May 21, 2018
About 100-150 hooded individuals from anarchist group Rouvikonas invaded the Council of State building, where a closed-door plenary session was…