Increased by 1.3 billion euros compared to the target, the tax revenues for the period January – February 2023 appear, according to the provisional data of the implementation of the state budget, on a modified cash basis. However, part of this increase, estimated at approximately 470 million euros, concerns the extension of the deadline for the payment of traffic fees until the end of February 2023, while it was estimated that this amount would be collected during the month of December 2022.

As Deputy Minister of Finance Thodoros Skylakakis stated, “the significantly better performance of the tax revenues than the budget continues in February. A fact that reinforces the resilience of the economy to successive adversities and confirms, in practice, the very strong development dynamics achieved by government policies. The positive figures are due both to the better performance of the previous year’s taxes collected in installments until the end of February 2023 (income tax of natural and legal persons, ENFIA) and to the better performance in the collection of the current year’s taxes (VAT, VAT, etc.) .). A fact, extremely important in the present, unstable, international situation”.

According to the announcement of the ministry for the period January – February 2023, there is a surplus in the balance of the state budget amounting to 2,294 million euros compared to a target for a surplus of 36 million euros included for the corresponding period of 2023 in the introductory report of the 2023 Budget and a deficit of 910 million euros in the corresponding period of 2022.

The primary result came in at a surplus of 4,201 million euros, against a target of a primary surplus of 1,816 million euros and a primary surplus of 840 million euros for the same period in 2022.

The amount of net revenue of the state budget amounted to 12,950 million euros, showing an increase of 1,946 million euros or 17.7% compared to the estimate for the corresponding period included in the introductory report of the 2023 Budget. This increase is mainly due to increased tax revenues, as well as increased PDE revenues.

Tax revenues amounted to 10,047 million euros, increased by 1,303 million euros or 15% compared to the target included in the introductory report of the Budget 2023. Part of this increase, estimated at approximately 470 million euros, concerns the extension of deadline for the payment of traffic fees until the end of February 2023, while it was estimated that this amount would be collected during the month of December 2022. The remaining amount of the over-execution is estimated to come from the better performance of the previous year’s taxes which are collected in installments until end of February 2023 (income tax of natural and legal persons, ENFIA), as well as from the best performance in the collection of taxes of the current year (VAT, VAT, etc.).

Revenue returns totaled €784 million, up €104 million from the target (€680 million).

The revenue of the Public Investment Budget (PDE) amounted to 1,415 million euros, increased by 630 million euros from the target (785 million euros).

The exact distribution between the revenue categories of the state budget will be carried out with the publication of the final bulletin.

In particular, in February 2023 the total net revenues of the state budget amounted to 5,784 million euros, increased by 1,372 million euros.

The total revenues of the state budget amounted to 6,123 million euros, increased against the monthly target by 1,292 million euros.

Tax revenues amounted to €5,119 million, up by €778 million or 17.9% against the target, due to: (a) the extension of the deadline for the payment of traffic charges until the end of February 2023, (b) the better performance of the previous year’s taxes collected in installments until the end of February 2023 and (c) the best performance in the collection of the current year’s taxes.

Revenue returns amounted to €339 million, down €80 million from the target (€419 million).

The revenues of the Public Investment Budget (PDE) amounted to 814 million euros, increased by 544 million euros from the target (270 million euros).

The expenses of the State Budget for the period January – February 2023 amounted to 10,656 million euros and are shown reduced by 311 million euros compared to the target (10,967 million euros), which is included in the introductory report of the 2023 Budget, while they are shown increased , in relation to the corresponding period of 2022, by 893 million euros, mainly due to the increased transfers of the regular budget by 687 million euros.

In the section of the Regular Budget, the payments are shown reduced compared to the target by 141 million euros. This development is mainly due to the deferral of payments for equipment program costs amounting to 395 million euros and the delay in the costs of forfeiture of guarantees by 135 million euros.

Notable events are the front-load transfer of resources to hospitals amounting to 180 million euros and the grant to the Information Society M.A.E. in the amount of 325 million euros, with redistribution of credits from the reserve, to promote actions to deal with the energy crisis, to serve the needs of the Market Pass, for the first months of its implementation.

Payments in the investment expenditure arm amounted to 1,319 million euros, showing an underperformance of 170 million euros. The expenditure of the PDE includes an amount of 32 million euros for the service of COVID-19 measures, the most important of which is the grant of existing small and medium-sized enterprises in the retail trade sector, which maintain a physical store, for the development, upgrade and management of an online store and the support of health agencies with auxiliary staff to respond to the needs due to the COVID-19 pandemic in the Regions.