target of eur 197 million was the primary surplus in January according to the data of budget execution. This result is attributed to an increase of revenue by 10.4% in relation to the target and on the other hand, the new restriction of expenditure during 483 million. euro.
The announcement of the ministry of finance is as follows:
According to the data of execution of the state budget on a modified cash basis, for the period January 2016, presented a surplus in the balance of the state budget of eur 1.077 million. euros compared with a surplus of 367 million. euros for the same period of 2015 and a target of Budget 2016, a surplus of 197 million. euro. The primary balance amounted to a surplus of eur 1.193 million. euro, compared with a primary surplus of 443 million. euro for the same period of 2015 and a target for a primary surplus of 307 million. euro.
The amount of state budget net revenues amounted to 4.219 million. euros, showing an increase of 397 million. euro or 10.4% below the target. The precise breakdown between the categories of revenue in the ordinary budget will take place with the issuance of the final bulletin.
The net revenues of the ordinary budget amounted to 3.654 million. euro, decreased by 8 million. euros or 0.2% compared to the target of draft Budget 2016.
Tax refunds amounted to 296 million. euros, marking a reduction of 49 million. euros against the target (346 million. euro).
PIB revenues amounted to € 565 million. euro, increased by 405 million. euro against the target.
The expenditure of the state budget amounted to 3.141 million. euro and presented decreased by 483 million. euros against the target (3.625 million. euro).
In particular, the costs of the regular budget amounted to 3.006 million. euros and is reduced by 469 million. euros against the target, mainly due to the reduction of primary expenditure by 438 million. euro.
The expenditure of the regular budget presented reduced compared with the corresponding period in 2015 at 167 million. euro, despite the fact that they have paid extra 20 million. euros for emergency aid to address the humanitarian crisis and 11 million. euros for heating allowance.
The costs of the Public Investment Budget (PIB) expenditure amounted to 135 million. euro, decreased by 15 million. euro against the target.
How he arrived this year the Primary Surplus.
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