Tax rev­enues fall be­low even re­vised tar­get

Kathimerini English - - Front Page - PROKOPIS HATZINIKOLAOU

Athens and its cred­i­tors are in­creas­ingly alarmed by the course of pub­lic rev­enues in 2014, as they con­tinue to fall short de­spite a re­vi­sion of the tar­gets for this year set out in the 2015 bud­get, tabled in Par­lia­ment last week.

Tax rev­enues missed their re­vised tar­get by 562 mil­lion euros in the first 10 months of the year, bring­ing the pri­mary bud­get sur­plus to 2.65 bil­lion euros in the same pe­riod against a pro­jec­tion for 3.53 bil­lion euros. Tax re­bates beat their tar­get by 87 mil­lion euros.

Con­se­quently in Novem­ber and De­cem­ber, the state will need to col­lect a to­tal of 9.3 bil­lion euros in taxes to meet the bud­get tar­get. One bil­lion euros is ex­pected to come by way of the road tax, 500 mil­lion euros are an­tic­i­pated from the sin­gle prop­erty tax (ENFIA) and about 1.5 bil­lion euros from the last tranches of the in­come tax.

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