The Greek state budget recorded a primary surplus of 3.079 billion euros in the January-March period this year, from a budget target for a primary surplus of 28 million and a primary deficit of 1.650 billion euros recorded in the corresponding period in 2022, the finance ministry said on Tuesday, ANA reports.
More specifically, the general government balance showed a surplus of 220 million euros in the three months, on an amended cash basis, from a budget target for a deficit of 2.602 billion euros and a shortfall of 3.884 billion euros recorded in the same period last year. Net revenue was 16.842 billion euros, up 15.7% from targets, while regular budget revenue was 18.564 billion euros, up 16.6% from targets.
Tax revenue totalled 13.609 billion euros, up 11.8% from targets; VAT revenue amounted to 5.610 billion (up 417 million from targets). Particular consumption tax revenue exceeded targets by 34 million to 1.522 billion euros, property taxes totalled 282 million euros (down 67 million from targets), and income tax revenues totalled 4.137 billion euros (up 488 million from targets).