Revised budget data show excess revenue

Revised budget data show excess revenue

The budget data for 2017 now appear to be not only within the targets but even better, for the first 10 months of the year, with the revenue shortfall of 2.8 billion euros of the provisional figures replaced by a surplus of 326 million.

The massive shift is due to the revision of the 2017 budget targets to match the estimates of the 2018 draft budget tabled earlier this week.

Therefore, according to the revised budget execution data, in the January-October period net revenues amounted to 40.57 billion euros, up 0.8 percent on the target, while budget spending amounted to 38.45 billion euros, 1.16 billion euros below the target.

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