Budget revenues down significantly in Q1

Gazzetta team 21 Ιουλίου 2015 - 13:37

Ανακαλύψτε περισσότερα άρθρα στα αποτελέσματα αναζήτησης.

Budget revenues fell significantly in the first quarter of the year according to quarterly non-financial accounts of the general government, Hellenic Statistical Authority said on Tuesday.

In a report, the statistics services said that the general government's revenues totaled 16.817 billion euros in the January-March period, down from 17.921 billion in the same period last year. In the same period, spending grew by 800 million euros to 20.809 billion euros, mostly due to an increase in primary spending to 19.112 billion euros from 18.225 billion in 2014.

Income taxes fell to 18.4 pct of total income in the first three months of the year. from 21.3 pct last year, while taxes on production and imports accounted for 32.7 pct of total income from 34.1 pct in 2014. Spending on wages accounted for 25.2 pct of total spending, down from 25.6 pct last year, while spending on social benefits fell to 44.9 pct from 45.4 pct over the same periods, respectively.

The country's public debt fell to 301.527 billion euros in the first quarter, from 315.025 billion euros in 2014, reflecting the return of 10.9 billion euros to the European Financial Stability Fund and payment of an installment worth 2.8 billion euros to the IMF.