Greek state budget showed a primary surplus of 1.463 billion euros in the January-April period, from a budget target for primary deficit of 670 million, but down from a primary surplus of 1.8 billion euros in the same period in 2018, the Finance Ministry said in a report released on Monday, according to ANA.
In the four-month period, the general government balance recorded a deficit of 1.041 billion euros, down from a budget target for a shortfall of 3.117 billion euros. Net revenue was 15.956 billion euros, up 8.9 pct from budget targets, while regular budget revenue was up 8.9 pct to 17.147 billion euros in the first four months of 2019. Revenue exceeded targets in the categories of: VAT of goods and services (8.9 pct), other taxes on services (16.5 pct), property taxes (5.6 pct), production taxes (5.0 pct), corporate income tax (5.3 pct), capital taxes (91 pct), transaction taxes (9.1 pct) and sales of goods and services (434.7 pct) and other revenue (18 pct). On the other hand, revenue fell short of targets in the categories of: VAT on oil products (3.1 pct), VAT on tobacco (9.1 pct), special consumption tax on tobacco products (10.9 pct), stamp (21.3 pct), income tax (1.6 pct), other income taxes (7.9pct) and other current taxes (15.6 pct).
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