A primary result of 2.443 billion euros was recorded, according to the State Budget Execution data for the period January-April 2023, against a target for a primary deficit of 869 million euros and a primary deficit of 799 million euros for the same period in 2022.

At the same time, tax revenues for the same period amounted to 17.803 billion euros, increased by 1.567 billion euros or 9.7% compared to the target.

The improvement in fiscal performance was mostly driven by the trend in VAT revenue.

In detail, the figures from the Execution of the State Budget for the period January – April 2023 are as follows:

According to the execution data of the state budget, on a modified cash basis, for the period January – April 2023, it is presented deficit in the state budget balance amounting to 789 million euros against a target for a deficit of 3,829 million euros included for the corresponding period of 2023 in the introductory report of the 2023 Budget and a deficit of 3,316 million euros in the corresponding period of 2022. The primary result was a surplus of 2,443 million. EUR, against a target for a primary deficit of EUR 869 million and a primary deficit of EUR 799 million for the same period in 2022.

The height of of net income of the state budget amounted to 21,057 million euros, showing an increase of 2,511 million euros or 13.5% compared to the target included for the corresponding period in the introductory report of the 2023 Budget. This over-execution is mainly due to:

(a) in the increased tax revenue of the quarter,

(b) the collection of 603 million euros from ANFAs, which was not foreseen in the introductory report of the 2023 Budget and

(c) to the increased revenues of the PDE.

The total revenues of the state budget amounted to 23,185 million euros, increased by 2,901 million euros or 14.3% 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 17,803 million euros, increased by 1,567 million euros or 9.7% compared to the target included in the introductory report of the 2023 Budget.

Part of this increase, amounting to 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.

The remaining amount of the over-execution comes from the best performance of the income taxes of natural and legal persons, of the previous year collected in installments until the end of February 2023, as well as from the best performance of the VAT of the current year.

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

* VAT revenues amounted to 7,574 million euros and are increased against the target by 481 million euros.

* The revenues of the EFFK amounted to 2,032 million euros and are reduced compared to the target by 80 million euros.

* Real estate tax revenues amounted to 353 million euros and are 42 million euros short of the target.

* Income tax revenues amounted to 4,991 million euros and are higher than the target by 473 million euros.

II. The revenues of the “Social Contributions” category amounted to 19 million euros in line with the target.

III. The revenues of the “Transfers” category amounted to 3,959 million euros, increased by 811 million euros compared to the target included in the report of the Budget 2023, mainly due to the collection of 603 million euros from ANFAs, as mentioned above. Of the above collected amount of 3,959 million euros, an amount of 1,504 million euros concerns PDE revenue, which is increased by 159 million euros compared to the target.

IV. The revenue of the “Sales of goods and services” category amounted to 284 million euros, increased by 18 million euros compared to the target included in the introductory report of the 2023 Budget.

V. The income of the “Other current income” category amounted to 1,120 million euros, increased by 506 million euros compared to the target included in the introductory report of the 2023 Budget. Of this, an amount of 252 million euros concerns PDE income, the which are increased by 182 million euros compared to the target.

VI. In the category “Sales of fixed assets” no revenue was observed against the target of 2 million euros.

Revenue refunds amounted to 2,128 million euros, increased by 389 million euros from the target (1,739 million euros), mainly due to the VAT refund, in the month of March, to the Administrator of Renewable Energy Sources and Guarantees (DAPEEP S.A.) of an amount 220 million euros approximately, arising from revenues collected by DAPEEP and attributed to the State by the Temporary Mechanism for Returning Part of Next-Day Purchase Revenues.

The total revenue of the Public Investment Budget (PDE) amounted to 1,756 million euros, increased by 341 million euros from the target (1,415 million euros).

In particular, in April 2023 the total net revenues of the state budget amounted to 4,214 million euros, increased by 231 million euros against the monthly target, while the total revenues of the state budget amounted to 4,621 million euros, increased against the monthly target by 252 million euros.

More specifically, the revenues per major category of the state budget for April 2023 are as follows:

I. The income of the “Taxes” category amounted to 4,193 million euros, increased by 131 million euros or 3.2% against the target.

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

* VAT revenues amounted to 1,963 million euros and are increased against the target by 64 million euros.

* The revenues of the Social Insurance Institutions amounted to 511 million euros and are reduced compared to the target by 46 million euros.

* Real estate tax revenues amounted to 71 million euros and are increased against the target by 24 million euros.

* Income tax revenues amounted to 854 million euros and are 15 million euros short of the target.

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 90 million euros, reduced by 4 million euros compared to the target included in the introductory report of the Budget 2023. An amount of 61 million euros concerns PDE revenues, which are increased by 3 million. euros against the target.

IV. The revenue of the “Sales of goods and services” category amounted to 78 million euros, increased by 4 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 255 million euros, increased by 120 million euros compared to the target included in the introductory report of the 2023 Budget. Of these, an amount of 7 million euros concerns PDE revenues, the which are reduced by 5 million euros compared to the target.

Revenue returns totaled €407 million, up €21 million from the target (€385 million).

The total revenue of the Public Investment Budget (PDE) amounted to 68 million euros, reduced by 2 million euros from the target (70 million euros).

The expenses of the State Budget for the period January – April 2023 amounted to 21,846 million euros and are presented reduced by 529 million euros compared to the target (22,375 million euros), which is included in the introductory report of the 2023 Budget, while they are presented increased , in relation to the corresponding period of 2022, by 839 million euros, mainly due to the increased transfers of the regular budget by 881 million euros.

In the section of the Regular Budget, the payments are shown reduced compared to the target by 339 million euros. This development is mainly due to the deferral of payments for expenditure on equipment programs amounting to 838 million euros.

Notable events are the grant to the Information Society M.A.E. amounting to 502 million euros, to serve the needs of the Market Pass, as well as the return to the Energy Transition Fund of 367 million euros of surplus energy producers, for the period from October 1, 2021 to June 30, 2022. And the two aforementioned movements were carried out by redistributing credits from the reserve to promote actions to deal with the energy crisis (credits under allocation).

Payments in the investment expenditure arm amounted to 2,811 million euros, showing an underperformance of 190 million euros. The expenditure of the PDE includes an amount of 52 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.