The deficit in the balance of the state budget for the period January – May 2023 is shown reduced. The deficit was formed at 1,126 million euros against a target for a deficit of 4,446 3 million. euros as included for the corresponding period of 2023 in the introductory report of the 2023 Budget and the corresponding period of 2022 which amounted to 4,066 million euros, according to the provisional data of the execution of the state budget.

Accordingly, the primary surplus stood at 2,289 million euros against the target for a primary deficit of 1,396 euros and compared to the same period in 2022 when the primary deficit stood at 1,487 million euros. There is also an increase in the net revenues of the state budget by 2,937 million euros or 12% after they reached 26,241 million euros compared to the target included for the same period in the introductory report of the 2023 Budget. The increase is mainly due to: a) the increased tax revenues of the five months, (b) the collection of 603 million euros from ANFAs, which was not foreseen in the introductory report of the 2023 Budget and (c) the increased revenues of the PDE.

The extension of the deadline for the payment of traffic fees until the end of February 2023 contributed in part to the increase in tax revenues which reached 22,954 million euros, increased by 2,005 million euros or 9.6% compared to the target included in the report of Budget 2023. The remaining amount concerns 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 the best performance of the current year’s VAT.

Increased by 459 million euros from the target (2,247 million euros) and the revenue refunds which amounted to 2,707 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.) in the amount of approximately 220 million euros, revenues that have been collected by DAPEEP and attributed to the State by the Temporary Mechanism for Returning Part of Next-Day Purchase Revenues. While the revenues of the Public Investments budget (PDE) also showed an increase by 240 2 ct. euros after reaching 1,950 million euros against the target of 1,710 million euros.

In the month of May, the total net revenues of the state budget showed an increase of 426 million euros compared to the monthly target, reaching 5,185 million euros. Tax revenues also increased, reaching 5,151 million euros, by 438 million euros or 9.3% against the target.

Revenue refunds also increased by 70 million euros. The amount was 579 million euros from the target (509 million euros). At 195 million euros, reduced by 100 million euros from the target (295 million euros), the revenues of the Public Investment Budget (PDE) were formed.

Regarding the period January – May 2023, State Budget expenditures, which amounted to 27,368 million euros, showed a decrease of 383 million euros compared to the target of 27,751 million euros. However, they show an increase of €1,015 million compared to the corresponding period in 2022 of €1,015 million, mainly due to increased interest payments of €825 million.