Monday March 30, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Primary surplus exceeds January-July target figure

 More revenues, restrained expenses lead to 2.27-bln-euro result

Greeces state budget registered a 2.27-billion-euro primary surplus for the seven-month period covering January to July, exceeding expectations by 1.47 billion euros, Finance Ministry data showed Thursday.

The favorable result was attributed to the collection of higher-than-expected state revenues, combined with the containment of expenses beyond the objectives that had been set.

However, not all was rosy in the latest budget figures. OAEE, the social security fund for all the countrys self-employed, appears headed for trouble by the end of the year as it has already dug into 81.3 percent of its annual credit allowance with five months remaining.

State revenues before taxpayer returns exceeded the target set for the seven-month period by 713 million euros, without taking into account prospective revenues to be provided by the new ENFIA property tax, currently undergoing revisions ahead of the first round of payments, which are expected late in September.

Net revenue amounted to 26.2 billion euros, or 451 million (1.7 percent) more than than forecast. Total tax revenues reached 24.4 billion euros, exceeding the target figure by 342 million.

Tax returns for the seven-month period came to 2 billion euros. Although this figure exceeded the target by 262 million euros, it has helped to inject some much needed cash into the market.

Primary expenditure for the seven-month period was 880 million euros less than the target figure, contributing to the primary surplus achieved.

As for the countrys travel balance, figures showed a travel surplus of 1.8 billion euros for the month of June, a 16.7 percent increase compared to the figure registered for the same month last year.

Travel receipts in June, including those provided by cruise ships, increased by 278 million euros, or 16.3 percent, against the same month last year. Reaching 1.99 billion euros from 1.71 billion, the increase was attributed to a 13.7 percent increase in tourist arrivals, combined with an average spending increase of 2.5 percent per trip.

ekathimerini.com , Thursday August 21, 2014 (20:47)  
Greek bourse benchmark closes at the days high
Kathimerini swings from loss to profit in 2014
Soros puts Grexit odds at one in three
Germany says Greece must flesh out reforms to unlock aid
Trial to start for 23 sex trafficking suspects
The trial of 23 suspects accused of operating a major sex-trafficking ring is due to begin in Athens on Tuesday, with the defendants facing a string of charges including running a criminal o...
Youngster sought for assaulting, robbing elderly man in Iraklio
Police in the Cretan port of Iraklio were seeking on Monday a youth who assaulted an elderly man outside a local bank and stole his monthly pension. According to local reports, the assailant...
Inside News
SOCCER
Three Greek internationals injured in Budapest car crash
Three Greek international soccer players were slightly injured on Monday in a car crash as they travelled by taxi to Budapest airport following Greece's Euro 2016 qualifying goalless draw ag...
SOCCER
Improved Greece draws 0-0 at Hungary
Greece ended up goalless with Hungary in Budapest on Sunday, on manager Sergio Markarians debut on the national teams bench, a result that has left Greece at the bottom of its Euro 2016 qu...
Inside Sports
INTERVIEW
Releasing migrants from detention centers not enough, says UN rights watchdog
The Greek government's shift on immigration is the beginning of what will no doubt be a difficult process, according to Jan Jarab, regional representative for Europe of the High Commission...
COMMENTARY
Tsipras needs rupture with far-left, not Brussels
Does Alexis Tsipras, the Greek prime minister, have the guts to break with his far-left faction? The countrys fate hangs on the answer to this question. Greeces immediate prospects are dic...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greek bourse benchmark closes at the days high
2. Kathimerini swings from loss to profit in 2014
3. Trial to start for 23 sex trafficking suspects
4. Soros puts Grexit odds at one in three
5. Youngster sought for assaulting, robbing elderly man in Iraklio
6. Athens University calls on ities to remove anarchist protesters
more news
Today
This Week
1. ECB nerves fray on Greece as supervisors rile central bankers
2. Greek markets show all at risk should mistake trigger a default
3. Greece says not backing down on debt relief goal
4. European stock-index futures rise as investors look to Greece
5. Talks in Brussels continue but Greece and lenders 'not there yet'
6. Work on tram extension begins in Piraeus
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. PM faces Merkel amid race to detail reforms
4. Moscow expects progress from Tsipras visit
5. Some more equal than others
6. Greece to present reforms by Monday, says gov't spokesman [Update]
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.