Concern over 329-mln-euro shortfall in state revenues

The Finance Ministry is concerned about the continuous shortfalls in state revenues, which according to budget data for the January-August period missed their target by 329 million euros, according to the updated midterm fiscal plan for 2015-18.

Revenues amounted to 32.9 billion euros in this period. The shortfall is attributed to a delay in the commencement of new single property tax (ENFIA) payments as well as expectations among taxpayers regarding new arrangements for the payment of expired debts.

Even so, the primary budget surplus in the first eight months of the year amounted to 1.9 billion euros, ministry data confirmed on Tuesday, against a target for 926 million euros. That was mostly due to the significant containment of primary state expenditure, to the tune of 1.2 billion euros.

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