Increased by 2.079 billion euros, compared to the target, were the tax revenues in the 4th month of 2024 according to a relevant announcement of the Ministry of Finance. Specifically, they amounted to 20.244 billion euros. At the same time, the primary surplus amounted to 3.282 billion euros, against the target for a primary surplus of 631 million.

In particular, according to the relevant announcement on the execution data of the state budget, on a modified cash basis, for the period January – April 2024, there is a deficit in the balance of the state budget of 250 million euros against a target for a deficit of 2,699 million euros which 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 result on an adjusted cash basis came in at a surplus of €3,282 million, against a target of a primary surplus of €631 million and a primary surplus of €2,443 million for the same period in 2023.

It is noted that during the month of April, the first installment of ENFIA was collected in the amount of 903 million euros, which was predicted to be collected in the month of May (predicted collection amount for the month of May 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 result in fiscal terms differs significantly from the result 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 22,538 million euros, showing an increase of 2,340 million euros or 11.6% compared to the target included for the corresponding period in the introductory report of the 2024 Budget , although the target of the report included the collection in March of an amount of 1,797 million euros from the Recovery and Resilience Fund (RAF), the majority of which, i.e. the amount of 1,687 million euros, had been collected in December 2023 and an additional amount of €159 million was collected in January 2024.

Excluding the above amount, net income shows an increase of 3,978 million euros or 21.6% compared to the target. This increase is mainly due to: a) increased tax revenues by 2,031 million euros after deduction of refunds and b) increased PDE revenues by 1,151 million euros.

The total revenues of the state budget amounted to 24,686 million euros, increased by 2,388 million euros or 10.7% 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 20,244 million euros, increased by 2,079 million euros or 11.4% compared to the target included in the introductory report of the 2024 Budget. This overperformance comes mainly from: a) collection in April of the first installment of ENFIA, amounting to EUR 903 million which was forecast to be collected in the month of May (forecast amount of EUR 940 million), 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.).

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

VAT revenues amounted to 8,170 million euros and are increased against the target by 215 million euros.

The revenues of the Social Insurance Institutions amounted to 2,115 million euros and are increased compared to the target by 75 million euros.

Real estate tax revenues amounted to 1,165 million euros and are increased against the target by 841 million euros, due to the collection of the first installment of ENFIA, as mentioned above.

Income tax revenues amounted to 6,246 million euros and are increased against the target by 803 million euros, of which Personal Income Tax is increased by 233 million euros and Corporate Income Tax is increased by 478 million euros against the target.

II. The revenues of the “Social Contributions” category amounted to 20 million euros, in line with the target.

III. The revenues of the “Transfers” category amounted to 2,663 million euros, reduced by 517 million euros compared to the target included in the introductory report of the 2024 Budget mainly due to: (a) the collection in December 2023 of the amount of 1,687 million; euros from the Recovery and Resilience Fund (RAF), while an amount of 159 million euros was collected in January 2024, against a target of 1,797 million euros that was initially predicted to be collected in the month of March 2024 and (b) of the increased PDE revenues, by 1,005 million .euro, against the target. In particular, of the above collected amount of 2,663 million euros, an amount of 2,300 million euros concerns PDE revenues.

IV. The revenues of the “Sales of goods and services” category amounted to 342 million euros, increased by 42 million euros compared to the target included in the introductory report of the 2024 Budget.

V. The income of the category “Other current income” amounted to 1,400 million euros, increased by 767 million euros compared to the target included in the introductory report of the Budget 2024, mainly due to the increased income from reimbursements of expenses, by 290 million. euros as well as from the collection of interest on deposits from the Bank of Greece, Q1 2024, amounting to 196 million Euros, which were expected to be collected at the end of the semester. Of the above collected amount of 1,400 million euros, an amount of 205 million euros concerns PDE revenues which are increased by 146 million euros compared to the target.

VI. The revenue of the category “Sales of fixed assets” amounted to 16 million euros, against a zero target.

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

The total revenues of the Public Investment Program (PIP) amounted to 2,505 million euros, increased by 1,151 million euros from the target (1,354 million euros).

In particular, in April 2024 the total net revenues of the state budget amounted to 5,715 million euros, increased by 1,909 million euros compared to the monthly target.

More specifically, the revenues per major category of the state budget for April 2024 are as follows:

I. The revenues of the “Taxes” category amounted to 5,400 million euros, increased by 1,480 million euros or 37.8% against the target. This increase is mainly due to: a) the collection of the first enhanced tranche of ENFIA, amounting to 903 million euros that was predicted to be collected in the month of May (predicted amount of 940 million euros), b) to the fact that due to the bank holiday on March 29 and April 1, the deadline for payment of the certified debts to the Tax Administration, which expired on the above dates, was extended until April 2 and therefore it is estimated that an amount of approximately 300 million euros, which concerns tax debts for the month of March, they were paid on April 2nd and are included in the income for the month of April.

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

VAT revenues amounted to 2,294 million euros and are increased against the target by 231 million euros.

The revenues of the EFCs amounted to 583 million euros and are increased against the target by 71 million euros.

Real estate tax revenues amounted to 904 million euros and are higher than the target by 860 million euros, due to the collection of the first installment of ENFIA, as mentioned above.

Income tax revenues amounted to 1,141 million euros and are up against the target by 240 million euros.

II. The income of the “Social Contributions” category amounted to 5 million euros, in accordance with the target.

III. The revenues of the “Transfers” category amounted to 246 million euros, increased by 183 million euros compared to the target included in the introductory report of the 2024 Budget. An amount of 167 million euros concerns PDE revenues, which are increased by 130 million euros against the target.

IV. The revenue of the “Sales of goods and services” category amounted to 134 million euros, increased by 49 million euros compared to the target included in the introductory report of the 2024 Budget.

V. The income of the “Other current income” category amounted to 393 million euros, increased by 258 million euros compared to the target included in the introductory report of the 2024 Budget, due to the collection of quarterly deposit interest by the Bank of Greece instead of of the expected six-month period. An amount of 2 million euros concerns PDE revenues, which are reduced by 8 million euros compared to the target.

Revenue returns totaled €464 million, up €62 million from the target (€401 million).

The total revenue of the Public Investment Budget (PDE) amounted to 169 million euros, increased by 122 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. Conversely, i.e. incrementally in relation to the target, interest payments moved by 228 million euros and grants to other legal entities by 280 million euros. More specifically, 110 million euros were paid 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 a grant to transportation agencies (OASA, OASTH and OSE) and 138 million euros from the Ministry of Health as a grant to the National Central Health Procurement Authority (EKAPY) to cover the cost of supplying medicines for the needs of the hospitals of the National Health Service and the General Hospital. 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.