Increased by €1.245 billion or 14.2% over targetare displayed tax revenue for the period January – February 2023according to the clues execution of the state budget, on a modified cash basis. This significant excess comes mainly from the overperformance in the collection of VAT and income tax.

Based on these figures, there is a surplus in the balance of the state budget of 2,308 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 corresponding deficit of 910 million euros period of 2022. The primary result was a surplus of €4,215 million, against a target of a primary surplus of €1,816 million and a primary surplus of €840 million for the same period in 2022.

In detail, the announcement of the Ministry of Finance states:

The amount of net revenues of the state budget amounted to 12,966 million euros, showing an increase of 1,962 million euros or 17.8% 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.

The total revenues of the state budget amounted to 13,750 million euros, increased by 2,066 million euros or 17.7% against the target.

More specifically, the revenues of the major categories of the state budget are as follows:

I. The revenues of the “Taxes” category amounted to 9,990 million euros, increased by 1,245 million euros or 14.2% compared to the target included in the introductory report of the 2023 Budget. Part of this increase, amounting to 470 million euros approximately, it 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. The remaining amount of the over-execution comes from the better performance of the income taxes of natural and legal persons, of the previous year that were collected in installments until the end of February 2023, as well as from the best performance of the current year’s VAT.

In particular, the following are observed for the main taxes of this category:

• VAT revenues amounted to 4,107 million euros and are higher than the target by 330 million euros.

• The revenues of the EFFK amounted to 979 million euros and are reduced compared to the target by 39 million euros.

• Real estate tax revenues amounted to 222 million euros and are short of the target by 52 million euros.

• Income tax revenues amounted to 3,149 million euros, and are increased against the target by 367 million euros.

II. The income of the “Social Contributions” category amounted to 10 million euros in line with the target.

III. The revenues of the “Transfers” category amounted to 2,952 million euros, increased by 457 million euros compared to the target included in the introductory report of the 2023 Budget. Of the above received amount of 2,952 million euros, an amount of 1,179 million euros concerns PDE revenues, which are increased by 434 million euros compared to the target.

IV. The revenue of the “Sales of goods and services” category amounted to 143 million euros, increased by 19 million euros compared to the target included in the introductory report of the 2023 Budget.

V. The revenues of the “Other current revenues” category amounted to 655 million euros, increased by 345 million euros compared to the target included in the introductory report of the 2023 Budget. Of these, an amount of 237 million euros concerns PDE revenues, the which are increased by 197 million euros compared to the target.

VI. In the category “Sales of fixed assets” no revenue was observed according to the target.

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

The total revenue of the Public Investment Budget (PDE) amounted to 1,416 million euros, increased by 631 million euros from the target (785 million euros).

In particular, in February 2023 the total net revenues of the state budget amounted to 5,800 million euros, increased by 1,388 million euros compared to the monthly target.

The total revenues of the state budget amounted to 6,139 million euros, increased against the monthly target by 1,308 million euros.

More specifically, the revenues of the major categories of the state budget for February 2023 are as follows:

I. The revenues of the “Taxes” category amounted to 5,062 million euros, increased by 721 million euros or 16.6% against the target, due to: (a) the extension of the deadline for the payment of traffic fees until the end of February 2023; (b) the best performance of the previous year’s income taxes collected in installments up to and including the end of February 2023 and (c) the best performance in the collection of the current year’s taxes.

In particular, the following are observed for the main taxes of this category:

• VAT revenues amounted to 1,830 million euros and are increased against the target by 84 million euros.

• The revenues of the EFCs amounted to 487 million euros and are reduced compared to the target by 5 million euros.

• Real estate tax revenues amounted to 102 million euros and are 35 million euros short of the target.

• Income tax revenues amounted to 1,673 million euros, and are increased against the target by 106 million euros.

II. The revenues of the “Social Contributions” category amounted to 5 million euros in line with the target.

III. The revenues of the “Transfers” category amounted to 616 million euros, increased by 337 million euros compared to the target included in the introductory report of the 2023 Budget. Of the above collected amount of 616 million euros, an amount of 588 million euros concerns PDE revenues, which are increased by 325 million euros compared to the target.

IV. The revenues of the “Sales of goods and services” category amounted to 73 million euros, increased by 16 million euros compared to the target included in the introductory report of the 2023 Budget.

V. The revenues of the “Other current revenues” category amounted to 383 million euros, increased by 234 million euros compared to the target included in the introductory report of the 2023 Budget. Of these, an amount of 227 million euros concerns PDE revenues, the which are increased by 220 million euros compared to the target.

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

The total revenue of the Public Investment Budget (PDE) amounted to 815 million euros, increased by 545 million euros from the target (270 million euros).

The expenditure of the State Budget for the period January – February 2023 amounted to 10,658 million euros and is presented reduced by 309 million euros compared to the target (10,967 million euros), which is included in the introductory report of the 2023 Budget, while it is presented increased , in relation to the corresponding period of 2022, by 895 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 139 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. amounting to 325 million euros, with redistribution of credits from the reserve to promote actions to deal with the energy crisis (credits under allocation), 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 to service COVID-19 measures, with the most important of these, the reinforcement of health institutions with auxiliary staff to respond to the needs due to the COVID-19 pandemic in the Regions and the subsidy of existing small and medium enterprises of the retail industry, who maintain a physical store, for the development, upgrade and management of an online store.