Greek state budget recoded a primary deficit of 3.413 billion euros in the January-March period, from a budget target for a deficit of 4.365 billion and a primary surplus of 494 million euros in the corresponding period last year, ANA reports.
More specifically, net revenue was 11.509 billion euros in the first quarter, down 5.4 pct from budget targets, while regular budget revenue was 12.492 billion euros, down 5.5 pct from targets. Tax revenue was 10.509 billion euros, down 3.3 pct from targets. Tax proceeds exceeded targets in the categories of special consumption tax on tobacco (8.7 pct), stamp taxes (21.8 pct), tax on financial and capital transactions (34.4 pct), vehicle registration taxes (26.7 pct), other taxes on goods (107.5 pct), income tax (2.9 pct), tax on sales of goods and services (8.6 pct), other current revenue (87.8 pct). On the other hand, tax revenue fell short of targets in the categories of VAT on oil products (-14 pct), VAT on other products and services (-6 pct), special consumption tax on energy products (-16.9 pct), special consumption tax on other products (-10.9 pct), tax on import duties (-22.5 pct), regular tax on property (-12.9 pct), other tax on production (-82 pct), corporate tax (-12.5 pct), transfers (-25.4 pct) and selling of fixed assets (-99.2 pct).
Tax returns totaled 983 million euros, down 64 million from targets, while Public Investment Program revenue was 1.112 billion euros, down 303 million from targets.
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