State primary deficit down by 4.6 billion euros compared to forecast

Tax revenues rose impressively by almost 20% above the target in the 7th month of 2022, according to official budget data, which is partly due to the inflation "rally".

In particular, tax revenues amounted to 31,094 million euros, up by 5,167 million euros or 19.9% ​​compared to the target included in the introductory report of the 2022 Budget. This overperformance is due to the extension of the deadline for the payment of road-use fees until the end of February 2022, to previous year's taxes collected in installments until the end of February 2022, to the collection of the current year's taxes, as well as to the collection of the first three installments of ENFIA property tax during the months of May, June and July, while it had been predicted that they would be collected in September, October and November respectively. Especially for the month of July, the income was boosted by the significant collection of the refundable advance which amounted to approximately 897 million euros for the month in question.

Deputy Finance Minister: Public revenues continue along  a good path

For his part, Deputy Finance Minister Theodoros Skylakakis said: "Public revenues continue along a good path in the month of July. This is linked to the resilience shown by the Greek economy in the face of the enormous external pressures it has faced in recent years. Particularly important is the massive return of almost a third of the refundable advance by small and medium-sized enterprises, despite the fact that there was an alternative to paying in very many and low-interest installments. This massive return proves that something has started to change in the very business model of small and medium-sized enterprises."

Election year in Turkey and Greece is a "whipping...