Budget Execution Bulletins

Financing - Payment of Arrears monthly bulletin November 2013



General Government Data Monthly Bulletin November 2013



Monitoring of the achievement of the General Government legal entries' targets with budjet over 20 milion euros for the 9-months of 2013



State Budget Execution for the 11 - months of 2013

According to the data available for the execution of the State Budget on a modified cash basis, the State Budget deficit for the 11 months of 2013 amounted to 3,155 million Euros against the revised target for deficit of 4,290 million Euros and the deficit of 12,853 million Euros for the 11 months of 2012. The State Budget Primary Balance amounted to a surplus of 2,778 million Euros, against the revised target for primary surplus of 1,659 million Euros and the primary deficit of 1,420 million Euros performed at the same period of the previous year.

State Budget net revenues amounted to 47,231 million Euros, showing an over performance of 136 million euros or 0.3% against the revised target (47,095 million Euros).

Ordinary Budget net revenues amounted to 42,807 million Euros, 125 million Euros or 0.3% higher than 2013 estimates (42,682 million Euros)

State Budget Tax Revenues amounted to 39,549 million Euros, marginally higher by 8 million euros against the target.

Specifically, revenue categories that over performed against 11 month target are:

    1. Property taxes by 109 million Euros or 4.2%,

    2. Direct tax Arrears by 53 million Euros or 2%,

    3. V.A.T other by 213 Million Euros or 2.1%,

    4. Other Non-Tax Revenues by 81 million Euros or 3.8%.

On the contrary, State Budget revenues showing underperformance against the target are:

   1. Personal Income Tax by 107 million Euros or 1.5%

   2. Other Direct Taxes by 130 million Euros or 5.4%.

    Tax refunds amounted to 2,471 million Euros, decreased against the target by 24 million Euros or 0.9%. On top of this amount, 639 million Euros have been refunded which concern previous year’s Tax refunds.

    Public Investment Budget Revenues amounted to 4,424 million Euros increased by 11 million Euros or 0.2% against the target but, 49.6% higher than 11month 2012 period.

    State Budget expenditures amounted to 50,385 million euros, 999 million euros lower than the revised target (51,384 million euros).

    Specifically, ordinary budget expenditures amounted to 46,435 million euros and were decreased by 744 million euros against revised target, mainly due to the reduction of primary expenditure by 523 million euros against the revised target (39,795 million Euros).

    Ordinary Budget expenditures were reduced compared to the respective period of 2012 by 8,651 million euros or by 15.7%. This decrease is mainly due to the reduction of primary expenditure by 3,110 million euros or 7.3% as well as to the reduction in net interest payments by 5,501 million euros or 48.1% comparing to the same period of 2012. 



    State Budget Execution for the 11 months of 2013

    According to the preliminary data available for the execution of the State Budget on a modified cash basis, the State Budget deficit for the 11 months of 2013 amounted to 3,223 million Euros against the revised target for deficit of 4,290 million Euros and the deficit of 12,852 million Euros for the 11 months of 2012. The State Budget Primary Balance amounted to a surplus of 2,710 million Euros, against the revised target for primary surplus of 1,659 million Euros and the primary deficit of 1,419 million Euros performed at the same period of the previous year.

    State Budget net revenues amounted to 47,162 million Euros, showing an over performance of 67 million euros or 0.1% against the revised target.

    Ordinary Budget net revenues amounted to 42,738 million Euros, 57 million Euros or 0.1% higher than 2013 estimates.

    State Budget Tax Revenues amounted to 39,498 million Euros, marginally lower by 43 million euros or -0.1% against the 2013 estimates.

    State Budget expenditures amounted to 50,385 million euros, 1,000 million euros lower than the revised target (51,384 million euros).

    Specifically, ordinary budget expenditures amounted to 46,435 million euros and were decreased by 745 million euros against revised target, mainly due to the reduction of primary expenditure by 523 million euros against the revised target (39,795 million Euros).

    Ordinary Budget expenditures were reduced compared to the respective period of 2012 by 8,651 million euros or by 15.7%. This decrease is mainly due to the reduction of primary expenditure by 3,111 million euros or 7.3% as well as to the reduction in net interest payments by 5,501 million euros or 48.1% comparing to the same period of 2012. 



    Financing - Payment of Arrears monthly bulletin October 2013



    General Government Data Monthly Bulletin October 2013