Budget: Horizontal increase from indirect and direct taxes in October

By Tasos Dasopoulos

Exceeded by 164 million euros recorded tax revenues in the 10 months of January – October with a horizontal increase in indirect and direct taxes.

Based on the final data on the implementation of the budget, the amount of net revenues of the state budget amounted to 44,156 million euros, showing an increase of 169 million euros or 0.4% compared to the estimate for the corresponding period included in the presentation Budget report 2022.

The total state budget revenues amounted to 47,968 million euros, increased by 169 million euros or 0.4% against the target.

Tax revenue amounted to € 38,581 million, up € 164 million or 0.4% from the target set in the 2022 Budget report.

In particular, the period January-October 2021 increase against the target observed in the following main revenue categories:

a) VAT on other products and services by EUR 13 million or 0.1%

b) Regular real estate taxes by 66 million euros or 3.4% of which: ENFIA by 66 million euros or 3.4%

c) Income tax payable by Individuals (VAT) by 102 million euros or 1.2%

d) Income tax payable by companies (NP) by 45 million euros or 1.8%.

Reduced against the target for the same period were the revenues in the following main categories:

(a) TAC of tobacco products by EUR 24 million or 1.3%;

b) Taxes in the form of stamp by 10 million euros or 3.9%,

c) Other taxes on production by 10 million euros or 1.1%,

d) Other income taxes by 24 million euros or 2.5%.

The revenue returns amounted to € 3,812 million, according to the target. The income of the Public Investment Budget (PIP) amounted to 3,581 million euros, according to the target.

The expenses of the State Budget for the period January – October 2021 amounted to 55.653 million euros and are reduced by 35 million euros or 0.06% compared to the target (55.688 million euros), which is included in the presentation report of the 2022 Budget.

On the part of the Regular Budget there is a lag of 103 million euros against the target, which is mainly due to the under-execution of expenditure and services markets by 122 million euros (1,262 million euros in payments, compared to a target of 1,384 million euros).

Payments on investment expenditures increased by € 68 million compared to the target of € 7,145 million.

The state budget expenditures for the period January – October 2021 are increased compared to the corresponding period of 2020 by 3,791 million euros, mainly due to the increased expenditures for measures against the pandemic and the increased payments of armaments programs in the regular budget. .

The primary result amounted to a deficit of EUR 7,179 million, compared to a target for a primary deficit of EUR 7,364 million and a primary deficit of EUR 9,065 million for the same period in 2020, while the budget deficit reached EUR 10,497 million in the first 10 months against a target for a deficit of EUR 11,701 million. euro included for the corresponding period of 2021 in the presentation report of the Budget 2022 and a deficit of 13.451 million euros in the corresponding period of 2020.

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Source From: Capital

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