Budget Deficit Falls Sharply in H1

Budget Deficit Falls Sharply in H1

Greece’s state budget deficit fell to 4.991 billion euro in the first six months of 2013, from 12.477 billion euro in the like period a year earlier, the Athens News Agency reported quoting finance ministry data.
The country’s state budget sets a 7.194 billion euro gap target.
Primary deficit stood at 1.511 billion euro in the January-June period, compared to 3.316 billion euro last year and a budget target for a shortfall of 3.877 billion euro, the ministry said.
Revenues amounted to 22.572 billion euro in the six-month period, down 3.6% from target. Income tax proceeds were down by 39.1% compared with budget targets in June, because of an extension given to deadlines for tax income statements.
Direct tax proceeds were down 39.2%, while consumption taxes fell short by 18.9%.
Spending totalled 27.564 billion euro, down by 3.053 billion euro compared with budget targets. 
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.