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Athens Macedonian News Agency: News in English, 13-03-11

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

From: The Athens News Agency at <>


  • [01] Greece reports primary budget surplus of 463 mln euros in Jan-Feb

  • [01] Greece reports primary budget surplus of 463 mln euros in Jan-Feb

    AMNA -- The Greek government on Monday 13.0pt;mso-bidi-font-size:11.0pt;font-family:"Tahoma","sans-serif";color:#0F1419; reported a primary budget surplus of 463 million euros in the January-February period this year, after a surplus of 368 million euros in the corresponding period in 2012 and a budget provision for a deficit of 1.353 billion euros.

    The state budget recorded a deficit of 813 million euros in the two-month period, after a shortfall of 495 million euros last year and a budget provision for a deficit of 2.630 billion euros, Finance Alternate Minister Christos Staikouras said on Monday.

    Net budget revenues totaled 8.610 billion euros in the January-February period, up 665 million euros from a budget target (7.945 billion), while net regular budget revenues totaled 7.726 billion euros, up 2.8 pct from a budget target.

    The minister said that VAT proceeds fell short of budget targets by 8.1 pct, other consumption tax proceeds were 33.2 pct lower than expected, car registration duties fell 57.9 pct and energy tax proceeds fell short by 3.9 pct. On the other hand, income tax proceeds exceeded budget expectations by 18.7 pct and property tax proceeds were 33.1 pct higher than anticipated.amna

    Public Investment Programe's revenues totaled 884 million euros in the two-month period, up 454 million euros from budget targets helped by increased capital flows from the EU. Budget spending totaled 9.422 billion euros, down from a budget target of 10.575 billion. Regular budget spending were 832 million euros lower from a budget target, or 3.4 pct down from the same period in 2012. Spending on interest rose by 413 million euros in the January-February period.

    Commenting on the data, Staikouras said provisional figures showed that Greece continued successfully its necessary fiscal consolidation course, adding that constant attention was needed to evaluating policies and intensifying efforts to achieve all goals.amna

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