Tax revenue explosion recorded in April mainly due to collection of the first dose of ENFIA which was budgeted to be collected in May. According to data from the MINISTRY of tax revenue at four months they showed exceeding 2.311 billion euros against the target.

Alongside, a primary surplus of 3.2 billion euros was recorded against a target for a primary surplus of 631 million euros.

In detail, as reported by the Ministry of Finance and according to the provisional data on the implementation of the state budget, on a modified cash basis, for in the period of January – April 2024, is presented deficit in the state budget balance amounting to 279 million euros against a target for a deficit of 2,699 million euros that has been included for the corresponding period of 2024 in the introductory report of the 2024 Budget and a deficit of 789 million euros for the corresponding period of 2023.

The primary outcome on an adjusted cash basis it was in a surplus of €3,253m, against a target of a primary surplus of €631m and a primary surplus of €2,443m for the same period in 2023.

It is noted that during the month of April, the first installment of the ENFIA was collected, which was predicted to be collected in the month of May, for an estimated amount of 940 million euros. In addition, a significant part of the difference in the primary surplus against the target in cash terms is not counted in the 2024 primary outcome in fiscal terms. Indicatively, an amount of 159 million euros relating to revenues from the Recovery and Resilience Fund does not affect the result in fiscal terms, while a significant part of the difference in tax revenue collections of 647 million euros is counted in the fiscal result of the year 2023. Therefore , the primary outcome in fiscal terms differs significantly from the outcome in cash terms. It should be noted that the above refers to the primary result of the Central Administration and not to the whole of the General Government, which also includes the fiscal results of Legal Entities and the sub-sectors of OTAs and OKAs.

In the period January – April 2024, the amount of net revenues of the state budget amounted to 22,508 million euros, showing an increase of 2,311 million euros or 11.4% compared to the target included for the corresponding period in the report of the Budget 2024, even though the collection in the month of March of an amount of 1,797 million euros from the Recovery and Resilience Fund (RESF), the bulk of which, i.e. €1,687 million, was received in December 2023 and an additional €159 million was received in January 2024.

Excluding the above amount, net income shows an increase of 3,949 million euros or 21.5% compared to the target. This increase is mainly due to: a) increased tax revenues by 2,155 million euros after deduction of refunds and b) increased PDE revenues by 1,150 million euros.

Tax revenues amounted to 20,368 million euros, increased by 2,203 million euros or 12.1% compared to the target included in the introductory report of the 2024 Budget. This overperformance comes mainly from: a) the collection in April of the first installment of ENFIA, while it was predicted that it would be collected in the month of May, an estimated amount of 940 million euros and b) from the better performance of the income taxes of natural and legal persons of the previous year which were collected in installments until the end of February 2024 (it is noted that an estimated amount of 647 million euros is counted in the fiscal result of the year 2023), as well as the best performance in the collection of taxes of the current year (VAT, VAT, etc.).

Revenue returns amounted to €2,148 million, up €48 million from the target (€2,100 million).

The revenues of the Public Investment Program (PIP) amounted to 2,504 million euros, increased by 1,150 million euros from the target (1,354 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 April 2024 total net income of the state budget amounted to 5,685 million euros, increased by 1,880 million euros against the monthly target.
Tax revenues amounted to €5,525 million, up €1,605 million or 40.9% on target. This increase is mainly due to: a) the collection of the first installment of ENFIA which was predicted to be collected in the month of May, an estimated amount of 940 million euros, b) the fact that due to the bank holiday on March 29 and April 1, the deadline payment of the certified debts to the Tax Administration, which expired on the above dates, was extended until April 2nd and therefore it is estimated that an amount of approximately 300 million euros, concerning tax debts for the month of March, was paid on April 2nd and is included in the revenues month of April.

Revenue returns amounted to 464 million euros, increased by 62 million euros from the target (401 million euros).

The revenue of the Public Investment Budget (PDE) amounted to 168 million euros, increased by 121 million euros from the target (47 million euros).

The expenses of the State Budget for the period January – April 2024 amounted to 22,788 million euros and are presented reduced by 109 million euros compared to the target (22,897 million euros), which is included in the introductory report of the 2024 Budget. They are also increased , in relation to the corresponding period of 2023, by 942 million euros, due to increased investment costs by 940 million euros.

In the section of the Regular Budget, the payments are shown reduced compared to the target by 882 million euros. This development is mainly due to the deferral of transfer payments to OKA by 675 million euros. Interest payments increased by 228 million euros and grants to other legal entities by 280 million euros. More specifically, 110 million euros were given by the Ministry of Rural Development and Food to ELGA, for the compensation of agricultural holdings affected by flooding due to the DANIEL-ELIAS disasters in September 2023, 82 million euros from the Ministry of Infrastructure and Transport as grant to transport agencies (OASA, OASTH and OSE) and 138 million euros from the Ministry of Health as a grant to the National Central Authority for Health Procurement (EKAPY) to cover the cost of supplying medicines for the needs of the NHS and General Hospitals . Papageorgiou.

Payments in the investment expenditure segment amounted to 3,751 million euros, showing an increase of 773 million euros in relation to the target, as the target was exceeded in the PDE.