It presents a deficit of 279 million euros in the balance of the state budget, against a deficit target of 2,699 million euros included for the corresponding period of 2024 in the preliminary report of the 2024 budget and a deficit of 789 million euros for the corresponding period of 2024. 2023.
According to the interim government budget implementation data, on a revised cash basis, for the period from January to April 2024, a preliminary result of €3.253 billion was also presented, against the target of a primary surplus of €631 million and a primary surplus of €631 million. 2,443 million euros for the same period in 2023.
It is noteworthy that during the month of April, the first installment of the ENFIA program, which was expected to be collected in May, was collected in an amount estimated at 940 million euros. In addition, a significant portion of the difference in the primary surplus versus the target in monetary terms is not accounted for in the 2024 preliminary result in financial terms. It is worth noting that the amount of €159 million related to the revenues of the Recovery and Resilience Fund does not affect the result in financial terms, while a large part of the difference in tax revenue collection of €647 million is accounted for in this year’s financial result. 2023. Therefore, the initial result in financial terms is significantly different from the result in monetary terms. It should be noted that the above refers to the primary result of the central administration and not to the entire general government, which also includes the financial results of legal entities and subsectors of online travel agencies and approval and approval agencies.
net income
In the period January-April 2024, the volume of net revenues from the state’s general budget amounted to 22,508 million euros, an increase of 2,311 million euros, or 11.4%, compared to the target listed for the corresponding period in the preliminary report for the 2024 budget. Although the report’s goal included collecting an amount of 1,797 million euros in March of the Recovery and Resilience Fund (RAF), the majority of which, €1,687 million, was raised in December 2023 and an additional €159 million was raised in January 2024.
Excluding the amount mentioned above, net income shows an increase of €3,949 million or 21.5% compared to the target. This increase was mainly due to: a) an increase in tax revenues by EUR 2,155 million after deducting refunds and b) an increase in PDE revenues by EUR 1,150 million.
Tax revenues
Tax revenues amounted to EUR 20.368 billion, an increase of EUR 2.203 million or 12.1% compared to the target in the preliminary report for the 2024 budget. This overperformance comes mainly from: a) the collection of the first installment of ENFIA in April, when it was expected to be collected in May an amount estimated at 940 million euros and b) from the better performance of income taxes of natural and legal persons for the previous year which were collected in installments until the end of February 2024 (it is noted that an amount estimated at 647 million euros was calculated in the financial result for 2023), as well as Best performance in tax collection for the current year (VAT, VAT, etc.).
Revenue revenue amounted to €2,148 million, €48 million above target (€2,100 million).
Public Investment Program (PIP) revenues amounted to €2,504 million, an increase of €1,150 million above the target (€1,354 million).
The exact distribution between the categories of state budget revenues will be made with the publication of the final bulletin.
In particular, in April 2024, net state budget revenues totaled €5,685 million, an increase of €1,880 million compared to the monthly target.
Tax revenue amounted to €5,525 million, an increase of €1,605 million or 40.9% above the target. This increase is mainly due to: a) the collection of the first installment from ENFIA that was expected to be collected in May, in an estimated amount of EUR 940 million, b) the fact that due to the March bank holidays of 29 and April 1, the debt repayment deadline was extended Documents to the Tax Authority, which expired on the above-mentioned dates, until April 2 and it is therefore estimated that an amount of approximately 300 million euros will be allocated, in relation to the tax debts for the month of April. March was paid on April 2nd and included in April’s revenue.
Total revenue revenue reached €464 million, €62 million above target (€401 million).
Investments
Public investment budget revenues amounted to 168 million euros, an increase of 121 million euros above the target (47 million euros).
The state’s general budget expenditures for the period from January to April 2024 amounted to 22,788 million euros, and are presented reduced by 109 million euros compared to the target (22,897 million euros) included in the preliminary report for the 2024 budget. They also increased, compared to the corresponding period in 2023, by 942 million euros. , as a result of an increase in investment costs by 940 million euros.
In the regular budget part, payments appear reduced compared to the target by €882 million. This development is mainly due to the deferral of transfer payments to OKA in the amount of EUR 675 million. Conversely, i.e. progressively in relation to the target, interest payments moved by €228 million and grants to other legal entities by €280 million. More specifically, the Ministry of Rural Development and Food provided €110 million to ELGA, to compensate agricultural holdings affected by floods due to the Daniel Elias disasters in September 2023, €82 million from the Ministry of Infrastructure and Transport grant to transport agencies (OASA, OASTH and OSE) and €138 million from the Ministry Health as a grant to the National Central Authority for Health Procurement (EKAPY) to cover the cost of supplying medicines for the needs of the National Health Service and public hospitals. Papageorgiou.
Disbursements in the investment spending sector amounted to EUR 3,751 million, showing an increase of EUR 773 million compared to the target, as the target in the PDE was exceeded.
source: ot.gr
“Avid problem solver. Extreme social media junkie. Beer buff. Coffee guru. Internet geek. Travel ninja.”
More Stories
“Recycling – Changing the water heater”: the possibility of paying the financing to the institution once or partially
Libya: US General Meets Haftar Amid Tensions Between Governments
New tax exemption package and incentives for business and corporate mergers..