According to Deputy Minister of Finance Theodoros Skylakakis, tax revenues have increased by 511 million euros.
In particular, revenues were up 17.5% against the target, which offset the very high revenue returns which were increased by € 321 million from the target.
According to Mr. Skylakakis, Eurostat data for the 2021 deficit are expected in the coming days, which are estimated to be significantly better than the budget forecast.
According to the calculations of the General Accounting Office, the improvement will probably reach or even exceed 1.5 points of GDP.
“This development is extremely important as it confirms to prudent institutions and markets the prudent management of public finances and allows the unreasonable additional financial support to households and businesses in the face of the unreasonably high energy prices caused by the heinous Russian invasion.” , emphasizes the Deputy Minister of Finance.
The whole statement of Mr. Skylakakis:
“The good course of public revenues continued in March, despite the negative effects on the economic climate from the war waged by Russia against Ukraine. Tax revenue was up 511 million euros or 17.5% from the target, which offset the very high revenue returns which were up 321 million euros from the target. Eurostat data for the 2021 deficit are expected in the coming days, which are estimated to be significantly better than the budget forecast. According to the calculations of the General Accounting Office, the improvement will probably reach or even exceed 1.5 points of GDP. This development is extremely important as it confirms to prudent institutions and markets the prudent management of public finances and allows the rational additional support of households and businesses without increased fiscal risks to the unreasonably high energy prices caused by the heinous Russian invasion. “
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