Greek Budget Showed Primary Surplus of 1.936 Billion Euros in H1

Greek Budget Showed Primary Surplus of 1.936 Billion Euros in H1

Greek state budget recorded a primary surplus of 1.936 billion euros in the January-June period from a primary surplus of 1.632 billion in the same period last year and a budget target for a surplus of 431 million euros.
The general government?s deficit was 1.596 billion euros in the first half from a shortfall of 1.852 billion last year and a budget target for a deficit of 3.092 billion euros.
State budget net revenue was 22.175 billion euros, up 0.2% from targets, while regular budget net revenue was 21.338 billion euros, up 0.3% from targets in the six-month period.
Budget execution figures showed that corporate income tax revenue surpassed targets by 95.2%, property tax revenue were up 15.5%, car registration fees were up 18.5% and special energy tax revenue was up 1.2%.
On the other hand, individual income tax revenue was down 3.7% in the January-June period, other direct tax revenue was down 2.0%, special consumption tax revenue fell short 4.6% and privatization proceeds were down 26.3%.

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