State rev­enues miss tar­get by 2 bil­lion eu­ros

Kathimerini English - - Front Page - PROKOPIS HATZINIKOLAOU

Bud­get data paint a dra­matic pic­ture, es­pe­cially in the rev­enues depart­ment, ow­ing to the in­abil­ity of cit­i­zens to pay their taxes.

The re­vised data of the 2015 state bud­get up to Septem­ber point to a hole of 2 bil­lion eu­ros, while had the tar­gets not been made more re­al­is­tic the rev­enues gap would have come close to 5 bil­lion eu­ros.

De­spite the ad­verse con­di­tions, the bud­get showed a pri­mary sur­plus of 3 bil­lion eu­ros at the end of Septem­ber, but this is ex­clu­sively at­trib­uted to the state’s pay­ments halt. How­ever, to meet the bud­get tar­gets, the state cof­fers need to re­ceive no less than 19.1 bil­lion eu­ros in the last three months of the year, ac­cord­ing to fig­ures re­leased by the Fi­nance Min­istry yes­ter­day.

The net rev­enues of the state bud­get amounted to 34.29 bil­lion eu­ros at end-Septem­ber, miss­ing the re­vised tar­get by 2.05 bil­lion eu­ros or 5.6 per­cent. The short­fall in in­come tax tak­ings amounted to 194 mil­lion eu­ros, while non­tax rev­enues lagged by 71 mil­lion.

State bud­get ex­pen­di­ture came to just 36.19 bil­lion eu­ros, down 3.88 bil­lion from the tar­get set by the bud­get and 1.89 bil­lion eu­ros from the same pe­riod last year.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.