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Athens News Agency: News in English, 08-05-19
CONTENTS
[01] Budget revenues slide in Q1
[01] Budget revenues slide in Q1
Budget revenues grew by 5.8 percent in the first quarter of 2008,
significantly slower compared with a 13.0-percent budget target for the
year, while budget spending grew 0.7 pct from a budget target of 8.1
pct, official figures showed on Monday.
A report by the finance ministry said the budget deficit fell by 23.4
percent in the January-March period, from an 11.8 percent budget target
for 2008. The State Accounting Office in a statement said the
introduction of a new tax levy on real estate properties and measures
aimed at a more efficient management of fuel market were expected to
bring additional revenues in the next few months. It also said that
revenue returns grew 26.9 percent in the three-month period.
Primary spending rose 0.4 percent in the January-March period, sharply
off compared with a budget target of 8.3 pct, with spending on interest
rising 3.2 pct from a budget target of 7.2 pct.
A Public Investments Program's proceeds fell by 36.1 pct in the first
quarter, sharply exceeding a 7.0 pct decline budget target, with
spending down 34.9 pct from a budget target of a growth rate of 5.6
pct.
Caption: A file photo dated 30 July, 2003 shows citizens in a tax
bureau office in the Athens district of Kallithea. ANA-MPA / P.
KARATZIAS.
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