Primary budget surplus over double the forecast for 10-month term

19 November 2019
321 Views

According to figures released today by Deputy Minister for Financial Policy Theodoros Skylakakis, the January-October 2019 primary surplus amounted to € 5.755 billion and was more than double the target (€ 2.314 billion) and significantly higher than the corresponding quarter of 2018 (€ 3,811 euros). October’s net revenue, as Mr Skylakakis noted, increased by 71m euros, an amount slightly higher than projected in the preliminary draft budget.

In the 10-month period, net revenues of the state budget exceeded € 1,666 billion or 4% over the target set for 2019 in this year’s report, reaching € 43,383 billion. This significant increase is mainly due to the € 1.119 billion collection of the extension (excluding VAT) of the Athens International Airport concession, which was originally estimated to be received in 2018, and to the collection of € 644 million in profits of bonds (ANFAs, SMPs) last May, which were not foreseen in this year’s budget.

Data of aggregate state budget revenues, which totaled € 47,317 billion, up by € 2,024 billion or 4.5% against the target, showed a significant increase in tax revenue.

You may be interested

Coronavirus: Negative record with 453 new cases, 174 in Attica & 6 fatalities
GREECE
shares24 views
GREECE
shares24 views

Coronavirus: Negative record with 453 new cases, 174 in Attica & 6 fatalities

makis - Sep 21, 2020

Greece announced today 453 new coronavirus cases of the in the country, of which 195 are associated with known cases…

Turkey issues Navtex with live ammunition south of Lesvos
GREECE
shares32 views
GREECE
shares32 views

Turkey issues Navtex with live ammunition south of Lesvos

Panos - Sep 21, 2020

Turkey issued a new Navtex today south of the Greek island of Lesvos with military exercises involving live ammunition. The…

US Secretary of State Pompeo to visit Greece on September 25
GREECE
shares32 views
GREECE
shares32 views

US Secretary of State Pompeo to visit Greece on September 25

Panos - Sep 21, 2020

According to source, US Secretary of State Mike Pompeo is expected to visit Athens from September 25 to 27. The…

Leave a Comment

Your email address will not be published.