Wednesday Jan 28, 2015 Search
Weather | Athens
14o C
9o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Budget revenues beat target for the year until end-November

Budget revenues for the first 11 months of 2013 beat their target by 0.4 percent, according to data released on Monday by the Finance Ministry.

This was the first time since March that the year’s revenues beat their target, while tax rebates also exceeded the amount provided by the budget by 500 million euros to reach 3.06 billion euros, against plans for 2.56 billion.

November revenues, in particular, overshot their target by 14 percent to reach 2.37 billion euros, while revenues from value-added tax fared 1.8 percent better than projected by the 2013 budget. VAT revenues for the year to end-November were 3.3 percent better than had been forecast.

However, data from the General Secretariat for Public Revenues also showed an increase in expired debts from 62.88 billion euros to 63.34 in November, as Greek taxpayers are finding it increasingly hard to meet their obligations. The total of overdue debts collected in the first 11 months of the year amounted to 2.86 billion euros, which was 30.1 percent or 680 million euros more than in the same month in 2012 (2.19 billion euros). Overdue debt collection in November came to 408.8 million euros, making it the month with the best record this year in this respect. The ministry is encouraged by the fact that the number of new debtors was reduced.

November figures also showed a major increase in revenues from direct and indirect taxes from previous financial years, as authorities collected overdue taxes amounting to 196 million euros, compared with 78 million a year earlier.

General Secretary for Public Revenues Haris Theoharis commented on the 11-month results, saying that “at the end of a very difficult year both for Greek taxpayers and for the tax collection mechanism, whose staff has a decisive contribution in ongoing changes, the improvement in meeting targets is obvious. This success not only belongs to all the personnel of the tax administration authorities but also to the taxpayers who have fulfilled their obligations and who are part of the joint effort to restructure the national economy so that we can exit the crisis as fast as possible.”

ekathimerini.com , Monday Jan 6, 2014 (21:58)  
European stocks decline for a second day as Greece leads losses
Greek bonds and stocks slump for third day
Nobel prize-winning economist says it’s time to buy Greek stocks
Greece to freeze plans to privatize power utility PPC, new Energy Minister says
New FinMin slams bailout deals as ´toxic mistake,´ sees chance to ´reboot Europe´
New Finance Minister Yanis Varoufakis has said that the newly-installed government will seek to forge an agreement that will bridge previous programs with a new deal between Greece and its f...
Greek PM Tsipras pushes on with radical change, markets tumble [Update]
Prime Minister Alexis Tsipras promised "radical" change on Wednesday as his new government swiftly moved to roll back key parts of Greece's international bailout, prompting a third day of lo...
Inside News
SOCCER
PAOK strikes deal with Portugal´s Ricardo Costa
PAOK announced on Tuesday its agreement with Portuguese international defender Ricardo Costa. The Thessaloniki club added that the player is expected on Wednesday to undergo a medical test a...
BASKETBALL
Basket League favorites survive challenges on the road
PAOK consolidated its position in the top three of the Basket League with a triumph at AGO Rethymnou on Saturday, while Olympiakos and Panathinaikos emerged victorious from their tough away ...
Inside Sports
COMMENTARY
EU must accept that Greek debt relief is inevitable
A prediction for you: Greece and the European Union will split the difference in their quarrel over debt relief. What's uncertain is how their respective governments will justify the new dea...
COMMENTARY
A turn toward responsibility
Whatever is meant to happen with regard to the new government’s negotiations with the country’s partners and creditors will happen swiftly as political correctness and established diplomatic...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. New FinMin slams bailout deals as ´toxic mistake,´ sees chance to ´reboot Europe´
2. Greek PM Tsipras pushes on with radical change, markets tumble [Update]
3. European stocks decline for a second day as Greece leads losses
4. New PM lays out key priorities in first cabinet meeting
5. Greek bonds and stocks slump for third day
6. Greece´s looming clash in Europe starts with sanctions on Russia
more news
Today
This Week
1. Athens may veto further EU sanctions against Russia
2. EU toughens stance after Tsipras names cabinet
3. EU must accept that Greek debt relief is inevitable
4. Nobel prize-winning economist says it’s time to buy Greek stocks
5. A turn toward responsibility
6. Greece's looming clash in Europe starts with sanctions on Russia
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greeks fork out nearly 5 pct of their incomes on telecom services
5. Unsupervised voting
6. QE exclusion a ‘de facto Grexit’
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.