September state revenues beat target

The growing use of plastic money, combined with the increased value-added tax takings and the decision of more people to pay this year's Single Property Tax (ENFIA) in a lump sum sent the budget's net revenues soaring in September, which even came as a surprise to the Finance Ministry, which released the data on Tuesday.

The revenues after last month's tax returns beat the target set in the budget by 840 million euros, while the target for the first nine months of the year was exceeded by 1.062 billion euros.

It is possible that had the government brought forward its planned bill to force Greeks to make almost all of their transactions electronic, the revenues would have been far greater as tax evasion would have been contained further. At the same time time the country's creditors would have not asked for additional taxes of 2.5 billion euros for next year.

Bank...

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