Budget: Primary surplus – mammoth at EUR 13.5 billion for the quarter 2024

exceeding the targets include the final figures for the execution of the State on an amended cash basis for the period January to October 2024. In particular, as stated in the final budget implementation statement, there is a surplus in the balance of the state budget of EUR 6,116 billion compared with the updated target for a surplus of EUR 5,518 billion included for the corresponding period of 2024 in the budget report 2025 and a deficit of EUR 482 million in the corresponding period of 2023. The primary result on an amended cash basis was a surplus of EUR 13,528 billion, against a target for a primary surplus of EUR 12.930 billion and a primary surplus of EUR 6,080 billion over the same period in 2023. The difference in relation to the target stems mainly from the collection of an amount of EUR 206 million in the month of October 2024 from the exceptional contribution to electricity suppliers, which is planned to be made available through the Ministry of Environment and Energy and the heterochronisation of expenditure. It is noted that tax revenue is close to the budget objectives (EUR 47 million difference). It is noted that the primary result in budgetary terms differs from the result in cash terms. In addition, the above concern the primary effect of the Central Administration rather than the whole of the General Government, which includes the financial results of the Legal Persons and Subsectors of OTA and OCA. In January – October 2024, the net revenue of the state budget amounted to EUR 61,330 billion, showing an increase of EUR 251 million or 0,4% compared to the target included for the corresponding period in the Budget 2025 report, mainly due to the collection of EUR 206 million in the month of October 2024 from the exceptional contribution to electricity suppliers, which had not been foreseen. The total revenue of the state budget amounted to 67,413 billion euros, increased by 251 million euros or 0.4% against the target. More specifically, the revenue of the major categories of the state budget is as follows: The revenue of the ‘Taxes’ category amounted to EUR 55,136 billion, increased by EUR 47 million or 0.1% compared to the objective included in the budget report 2025. In particular, the following are noted for the main taxes in this category: VAT revenue amounted to EUR 21,485 billion and is increased against the target by EUR 29 million. The revenue of the EICs amounted to EUR 6,046 billion and is increased against the target by EUR 16 million. The proceeds of property taxes amounted to EUR 2,215 billion and are increased against the target by EUR 6 million. Income tax revenues amounted to EUR 19,645 billion and are increased against the target by EUR 38 million. The revenue of the category ‘Social Contributions’ amounted to EUR 51 million, in accordance with the objective set out in the budget report 2025. The proceeds of the Transfers category amounted to EUR 4,918 billion, increased by EUR 211 million compared to the target included in the Budget 2025 report, due to the collection of EUR 206 million from the exceptional contribution to electricity suppliers, as mentioned above. Of the above amount of EUR 4,918 billion received, EUR 3,209 billion relates to PPS revenue, according to the objective. The revenue of the ‘Sales of goods and services’ category amounted to EUR 4,081 billion, increased by EUR 4 million compared to the objective included in the Budget 2025 report. The revenue of the ‘Other current revenue’ category amounted to EUR 3,195 billion reduced by EUR 12 million compared to the objective included in the budget report 2025. Of the above amount received at EUR 3,195 billion, EUR 407 million involves PIP revenue, according to the objective. Revenue refunds amounted to EUR 6,082 billion, according to the objective included in the Budget 2025 draft report. The total revenue of the Public Investment Programme (PSI) amounted to 3,616 billion euros, according to the objective included in the Budget 2025 draft report. For the month of October 2024 the revenue of the State budget shall show the same changes as presented above on a cumulative basis as follows: The total net revenue of the state budget was EUR 10,432 billion. The total revenue of the state budget amounted to 11,043 billion euros. In particular, revenue per major category of the state budget for October 2024 is as follows: Tax revenues amounted to 6,269 billion euros. In particular, the following are noted for the main taxes in this category: VAT revenue amounted to EUR 2,736 billion. The revenue of the EICs amounted to EUR 659 million. The proceeds of property taxes amounted to 137m euros. Income tax revenues amounted to 2,188 billion euros. The revenue of the category ‘Social Contributions’ amounted to EUR 5 million. The proceeds of the ‘Transmissions’ category amounted to EUR 1,259 billion, of which EUR 17 million relates to PIP revenue. The proceeds of the sales of goods and services category amounted to 3,344 billion euros. The revenue of the ‘Other current revenue’ category amounted to EUR 166 million, of which EUR 2 million relates to PPS revenue. Revenue refunds amounted to EUR 611 million. The total revenue of the Public Investment Budget (PPS) amounted to 19m euros. The expenditure of the State Budget for the period January – October 2024 amounted to EUR 55,214 billion and is presented reduced by EUR 347 million compared to the updated objective (EUR 55,562 billion), which has been included in the budget report 2025. It is also increased, compared with the corresponding period of 2023, by EUR 808 million, mainly due to the increase in interest payments and the costs of the TAA. In the part of the Regular Budget, payments are reduced against the objective by EUR 347 million. Apart from the apparent difference in appropriations allocated EUR 172 million which do not correspond to payments but to transfers of appropriations to the other categories of which payments are made at a later date, the difference in payments to the objective is EUR 175 million. Of this amount, EUR 46 million relates to the heterochronisation of expenditure on equipment projects which do not affect the result in budgetary terms and EUR 70 million in the sub-execution of purchases of goods and services. As notable payments can be reported: the payment of EUR 43 million of the heating allowance for 2024. This amount relates to the winter period 2023-2024, for which total payments amounted to 218 million euros and will be increased in December 2024 by payment of the advance for the winter period 2024-2025. Total payments for the winter period 2024-2025 is expected to be increased to EUR 270 million. the payment of EUR 170 million from the Ministry of Rural Development and Food to the ELGA for the compensation of affected agricultural holdings from flood phenomena due to the natural disasters of DANIEL-ELIAS of September 2023 as well as for relatively land-improvement projects, the grant of EUR 273 million from the Ministry of Infrastructure and Transport to transport operators (OASA, OASH and OASE), the grant of EUR 311 million from the Ministry of Health to the National Central Health Procurement Authority (EPA) to cover the cost of supply of medicinal products for the needs of the hospitals of the ESY and G.N. Papageorgiou the payment by the State of EUR 113 million for the purchase of medicinal and sanitary material, the direct payment by the State of 46m euros for the writings of students of educational institutions, the payment of EUR 174 million for the acquisition of traffic fuel, mainly to meet the needs of the Ministry of National Defence and the payment of EUR 151m for air rents of the Ministry of Climate Crisis and Civil Protection. Payments on the investment expenditure side amounted to EUR 8,383 million in line with the updated objective included in the Budget 2025 draft report. At the same time, they appear increased compared to the corresponding payments of EUR 2023 by EUR 653 million.