Against a target of 12.9 billion euro
Primary surplus amounting to 13.528 billion euros, presented his execution budget for space January – October of 2024against a primary result target of 12.930 billion euros and a primary surplus of 6.080 billion euros, for the same period in 2023.
As stated by the Ministry of National Economy and Finance:
According to the execution data of the state budget, on a modified cash basis, for the period January – October 2024, there is a surplus in the state budget balance amounting to 6,116 million euro against the updated target for a surplus of 5,518 million euros that has been included for the corresponding period of 2024 in the introductory report of the 2025 Budget and a deficit of 482 million. euros in the corresponding period of 2023.
The primary result on a modified cash basis was a surplus of 13,528 million. euros, against a target for a primary surplus of 12,930 million euros and a primary surplus of 6,080 million euros for the same period in 2023. The difference in relation to the target comes mainly from the collection of an amount of 206 million. euros in the month of October of 2024 from the extraordinary levy on electricity suppliers, which is scheduled to be made available through the Ministry of Environment and Energy and from the deferral of costs. It is noted that tax revenues are close to the budget targets (difference of 47 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.
During the period January – October 2024, the amount of net revenues of the state budget amounted to 61,330 million. euros, showing an increase of 251 million euro or 0.4% against the target 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 67,413 million. euros, increased by 251 million euro or 0.4% 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 55,136 million. euros, increased by 47 million euros or 0.1% 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 21,485 million. euros and are increased compared to the target by 29 million. euro.
- The revenues of the EFCs amounted to 6,046 million. euros and are increased against the target by 16 million. euro.
- Real estate tax revenues amounted to 2,215 million. euros and are increased compared to the target by 6 million. euro.
- Income tax revenues amounted to 19,645 million. euros and are increased compared to the target by 38 million euro.
II. The income of the “Social Contributions” category amounted to 51 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 4,918 million. euros, increased by 211 million euros against the target included in the introductory report of the 2025 Budget, due to the collection of an amount of 206 million. euros from the extraordinary levy on electricity suppliers, as mentioned above. From the above collected amount of 4,918 million. euros, amount 3,209 million euros concerns PDE revenue, in accordance with the target.
IV. The revenue of the “Sales of goods and services” category amounted to 4,081 million. euros, increased by 4 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 3,195 million. euros reduced by 12 million euros against the target included in the introductory report of the 2025 Budget. From the above collected amount of 3,195 million. euros, amount 407 million euros concerns PDE revenue, in accordance with the target.
Revenue refunds amounted to 6,082 million. euros, in accordance with the objective included in the introductory report of the 2025 Budget.
The total revenues of the Public Investment Program (PIP) amounted to 3,616 million. euros, in accordance with the objective included in the introductory report of the 2025 Budget.
For the month of October 2024, the state budget revenues show the same changes presented above on a cumulative basis and are as follows:
The total net revenues of the state budget amounted to 10,432 million. euro. The total revenues of the state budget amounted to 11,043 million. euro.
More specifically, the revenues per major category of the state budget for October 2024 are as follows:
I. Tax revenues amounted to 6,269 million. euro.
In particular, the following are observed for the main taxes of this category:
- VAT revenues amounted to 2,736 million. euro.
- The revenues of the EFCs amounted to 659 million. euro.
- Real estate tax revenues amounted to 137 million. euro.
- Income tax revenues amounted to 2,188 million. euro.
II. The income of the “Social Contributions” category amounted to 5 million. euro.
III. The revenues of the “Transfers” category amounted to 1,259 million. euros, of which an amount of 17 million euros concerns PDE revenues.
IV. The revenue of the “Sales of goods and services” category amounted to 3,344 million. euro.
V. The income of the “Other current income” category amounted to 166 million. euros, of which an amount of 2 million euros concerns PDE revenues.
Revenue refunds amounted to 611 million. euro.
The total revenue of the Public Investment Budget (PDE) amounted to 19 million. euro.
State Budget expenditures for the period January – October 2024 amounted to 55,214 million. euros and are shown reduced by 347 million euros against the updated target (55,562 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 808 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 347 million. euro. Excluding the apparent difference in appropriations under distribution amounting to 172 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 175 million. euro. Of this amount, 46 million Euros concern the deferral of equipment program costs that do not affect the result in fiscal terms and 70 million. euros in the underperformance of purchases of goods and services.
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 in September 2023 as well as for related land improvement projects,
c) the grant of 273 million euros from the Ministry of Infrastructure and Transport to transport agencies (OASA, OASTH and OSE),
d) the grant of 311 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 113 million euros for the purchase of pharmaceutical and health equipment,
f) the direct payment by the state of 46 million euros for writings by students of educational institutions,
g) the payment of 174 million euros for the acquisition of motor fuels, mainly to cover the needs of the Ministry of National Defense and
h) the payment of 151 million euros for air vehicle leases of the Ministry of Climate Crisis and Civil Protection.
Payments in the part of investment expenses amounted to 8,383 million. euros according to the updated target, which has been included in the report of the 2025 Budget. euro.
