According to its execution data state budgeton a modified cash basis, for the period of January – November 2024there is a surplus in the state budget balance amounting to 4,375 million euros against the target for a surplus of 2,293 million euros that has been included for the corresponding period of 2024 in the introductory report of the 2025 Budget and a deficit of 1,032 million. euros in the corresponding period of 2023. The primary result on a modified cash basis amounted to a surplus of 12,011 million. euros, against a target for a primary surplus of 9,912 million euros and a primary surplus of 5,826 million euros for the same period in 2023.

The difference in relation to the target mainly comes from the collection of an amount of 206 million. euros in the month of October 2024 from the extraordinary levy on electricity suppliers, which is scheduled to be made available through the Ministry of Environment and Energy, and on the one hand from the deferral of costs of equipment programs and transfers to OKA amounting to 432 and 788 million. euros respectively, which do not affect the result in fiscal terms. It is noted that tax revenues are close to the budget targets (difference of 4 million euros).

It is pointed out that the primary result in fiscal terms differs from the result in cash terms. In addition, 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 – November 2024, the amount of net revenues of the state budget amounted to 66,721 million. euros, showing an increase of 303 million euros or 0.46% against the target that has been included for the corresponding period in the introductory report of the 2025 Budget which is mainly due to the collection of 206 million. euros in the month of October 2024 from the extraordinary levy on electricity suppliers, which was not foreseen.

The total revenues of the state budget amounted to 73,297 million. euros, increased by 179 million euro or 0.2% 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 60,569 million. euros, increased by 4 million euros against the target included in the introductory report of the 2025 Budget.

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

VAT revenues amounted to 23,637 million. euros and are increased compared to the target by 46 million euro.
The revenues of the EFCs amounted to 6,617 million. euros and are increased against the target by 8 million. euro.
Real estate tax revenues amounted to 2,334 million. euros and are increased against the target by 9 million. euro.
Income tax revenues amounted to 21,687 million. euros and are increased compared to the target by 2 million euro.
II. The income of the “Social Contributions” category amounted to 56 million. euros, in accordance with the objective included in the introductory report of the 2025 Budget.

III. The revenues of the “Transfers” category amounted to 4,964 million. euros, increased by 18 million euros against the target included in the introductory report of the 2025 Budget. From the above collected amount of 4,964 million. euros, amount 3,218 million euros concerns PDE revenues, which are reduced by 102 million euros against the target.

IV. The revenue of the “Sales of goods and services” category amounted to 4,168 million. euros, increased by 32 million euros against the target included in the introductory report of the 2025 Budget.

V. The income of the “Other current income” category amounted to 3,508 million. euros increased by 125 million euros against the target included in the introductory report of the 2025 Budget. From the above collected amount of 3,508 million. euros, amount 411 million euros concerns PDE revenue, in accordance with the target.

VI. The revenue of the “Sales of Fixed Assets” category amounted to 33 million. euros, in accordance with the target included in the introductory report of the 2025 Budget.

Revenue refunds amounted to 6,576 million. euros, reduced by 124 million euros from the target (6,700 million euros) included in the introductory report of the 2025 Budget.

The total revenues of the Public Investment Program (PIP) amounted to 3,629 million. euros, reduced by 102 million euros from the target (3,731 million euros), which has been included in the introductory report of the 2025 Budget.

In particular, in November 2024, the total net revenues of the state budget amounted to 5,390 million. euros, increased by 53 million euros against the monthly target.

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

I. The revenues of the “Taxes” category amounted to 5,433 million. euros, reduced by 43 million euros or 0.8% against the target of the 2025 Budget.

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

VAT revenues amounted to 2,152 million. euros and are increased against the target by 18 million. euro.
The revenues of the EFCs amounted to 570 million. euros and are reduced compared to the target by 8 million euro.
Real estate tax revenues amounted to 119 million. euros and are increased compared to the target by 3 million euro.
Income tax revenues amounted to 2,043 million. euros and are reduced compared to the target by 36 million euro.
II. The income of the “Social Contributions” category amounted to 5 million. euros, according to the target.

III. The revenues of the “Transfers” category amounted to 46 million. euros, reduced by 192 million euros against the target included in the introductory report of the 2025 Budget. Amount of 4 million. euros concerns PDE revenues, which are reduced by 106 million euros against the target.

IV. The revenue of the “Sales of goods and services” category amounted to 86 million. euros, increased by 28 million euros against the target included in the introductory report of the 2025 Budget.

V. The income of the “Other current income” category amounted to 313 million. euros, increased by 136 million euros against the target included in the introductory report of the 2025 Budget. Amount of 9 million. euros concerns PDE revenues, which are increased by 4 million euros against the target.

Revenue refunds amounted to 494 million. euros, reduced by 124 million euros from the target (618 million euros).

The total revenue of the Public Investment Budget (PDE) amounted to 13 million. euros, reduced by 102 million euros from the target (115 million euros).

State Budget expenditures for the period January – November 2024 amounted to 62,346 million. euros and are shown reduced by 1,778 million euros against the updated target (64,124 million euros), which has been included in the introductory report of the 2025 Budget. They are also increased, compared to the corresponding period of 2023, by 2,151 million. euros, mainly due to the increase in interest payments and TAA expenses.

In the part of the Regular Budget, the payments are shown reduced compared to the target by 1,268 million. euro. Excluding the apparent difference in appropriations under distribution amounting to 331 million. euros, which do not correspond to payments but to transfers of credits to the remaining categories from which payments are made at a later time, the difference in payments against the target amounts to 937 million. euro. This difference is documented by the deferral of expenditures of the equipment programs and the transfers to OKA amounting to 432 and 788 million. euros respectively, which do not affect the result in fiscal terms.

Notable payments include:

a) the payment of 43 million euros of the heating allowance for 2024. This amount concerns the winter season 2023-2024, for which the total payments amounted to 218 million. euros and will increase in December 2024 with the payment of the advance payment for the winter season 2024-2025. Total payments for the 2024-2025 winter season are expected to be increased to 270 million. euro,

b) the payment of 170 million euros from the Ministry of Rural Development and Food to ELGA for the compensation of agricultural holdings affected by flooding due to the DANIEL-ELIAS disasters of September 2023 as well as for related land improvement projects,

c) the grant of 297 million euros from the Ministry of Infrastructure and Transport to transport agencies (OASA, OASTH and OSE),

d) the grant of 414 million euros from the Ministry of Health 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 National Health Service. Papageorgiou,

e) the payment by the state of 119 million euros for the purchase of pharmaceutical and health equipment,

f) the payment by the state of 50 million euros for writings by students of educational institutions,

g) the payment of 188 million euros for the acquisition of motor fuels, mainly to meet the needs of the Ministry of National Defense and

h) the payment of 161 million euros for air vehicle leases of the Ministry of Climate Crisis and Civil Protection.

Payments in the part of investment expenses amounted to 9,934 million. euros reduced by 510 million euros in relation to the updated target, which has been included in the introductory report of the 2025 Budget. At the same time, they are presented increased in relation to the corresponding payments of 2023 by 1,348 million. euro.