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Athens News Agency: News in English, 06-05-30

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Budget revenue up

  • [01] Budget revenue up

    Budgetary revenue rose by 14.3% in January-April 2006 compared with the same period a year earlier, the finance ministry said on Tuesday.

    The figures was above a targeted 10.3% increase, the ministry said in a statement.

    Regular budgetary revenue grew by 8.4% in the same period without taking into account non-regular income of 409 million euros. After deduction of tax rebates, net revenue was up 14.3%, the statement noted.

    Spending fell by 2.4% versus a targeted increase of 4.4%.

    "I am satisfied with this improvement in terms of targets. The main aim is to implement the government's economic policy of further lowering the deficit and the debt, making more effective use of public funds, and strengthening investment and the rate of growth," Deputy Finance Minister Peter Doukas said.

    Primary spending rose by 3.1% against a target of 6.0%. Spending on interest fell by 18.6% versus a target of 1.8% down.

    As a result the state budget deficit narrowed by 46.0% in January-April versus the same period a year earlier to total 2,720 million euros.

    Revenue in the public investment programme rose by 25.6% against a targeted increase of 26.2%, the ministry said.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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