Budget Revenues up 15.2 pct in April
Thursday, 14 May 2015
Net budget revenues surpassed targets by 15.2 pct, or by 500 million euros, in April offering a large breathe to the Finance ministry in managing its obligations. A Finance ministry announcement on Wednesday attributed this positive development to a massive response by taxpayers to a ministry plan offering more favorable payment terms for overdue debt, dividend payment by public sector enterprises and a delayed payment of a property tax. Net revenues surpassed 3.7 billion euros in April, further reducing a shortfall in the first quarter of the year.
Ministry data showed that a total of 380,000 taxpayers have applied for inclusion in a favorable payment terms plan, with a total overdue debt of 2.8 billion euros, while cash collected so far reached 135 million euros.