Bud­get rev­enues beat tar­get for the year un­til end-Novem­ber

Kathimerini English - - Front Page -

Bud­get rev­enues for the first 11 months of 2013 beat their tar­get by 0.4 per­cent, ac­cord­ing to data re­leased yes­ter­day by the Fi­nance Min­istry.

This was the first time since March that the year’s rev­enues beat their tar­get, while tax re­bates also ex­ceeded the amount pro­vided by the bud­get by 500 mil­lion eu­ros to reach 3.06 bil­lion eu­ros, against plans for 2.56 bil­lion.

Novem­ber rev­enues, in par­tic­u­lar, over­shot their tar­get by 14 per­cent to reach 2.37 bil­lion eu­ros, while rev­enues from val­ueadded tax fared 1.8 per­cent bet­ter than pro­jected by the 2013 bud­get. VAT rev­enues for the year to end-Novem­ber were 3.3 per­cent bet­ter than had been fore­cast.

How­ever, data from the Gen­eral Sec­re­tariat for Pub­lic Rev­enues also showed an in­crease in ex­pired debts from 62.88 bil­lion eu­ros to 63.34 in Novem­ber, as Greek tax­pay­ers are find­ing it in­creas­ingly hard to meet their obli­ga­tions. The to­tal of over­due debts col­lected in the first 11 months of the year amounted to 2.86 bil­lion eu­ros, which was 30.1 per­cent or 680 mil­lion eu­ros more than in the same month in 2012

is en­cour­aged by the fact that the num­ber of new debtors was re­duced in Novem­ber 2013. (2.19 bil­lion eu­ros). Over­due debt col­lec­tion in Novem­ber came to 408.8 mil­lion eu­ros, mak­ing it the month with the best record this year in this re­spect. The min­istry is en­cour­aged by the fact that the num­ber of new debtors was re­duced.

Novem­ber fig­ures also showed a ma­jor in­crease in rev­enues from di­rect and in­di­rect taxes from pre­vi­ous fi­nan­cial years, as au­thor­i­ties col­lected over­due taxes amount­ing to 196 mil­lion eu­ros, com­pared with 78 mil­lion a year ear­lier.

Gen­eral Sec­re­tary for Pub­lic Rev­enues Haris Theo­haris com­mented on the 11-month re­sults, say­ing that “at the end of a very dif­fi­cult year both for Greek tax­pay­ers and for the tax col­lec­tion mech­a­nism, whose staff has a de­ci­sive con­tri­bu­tion in on­go­ing changes, the im­prove­ment in meet­ing tar­gets is ob­vi­ous. This suc­cess not only be­longs to all the per­son­nel of the tax ad­min­is­tra­tion au­thor­i­ties but also to the tax­pay­ers who have ful­filled their obli­ga­tions and who are part of the joint ef­fort to re­struc­ture the na­tional econ­omy so that we can exit the cri­sis as fast as pos­si­ble.”

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