Revenue growth in October

Revenue growth in October

Athens, November 12, 2015/Independent Balkan News Agency

By Spiros Sideris

A significant rise was recorded in October tax and customs revenues, while total net revenue budget – after tax returns – reached levels higher than the budget target for the same period.

According to the finance ministry, tax and customs revenues in October 2015, was EUR 714 mln more than those of October 2014. In particular, it rose 19.47% to EUR 4.385 bn, against EUR 3.670 bn in the same month last year.

Compared to the budgeted net income, the net revenue in October increased by 4.53% which certify their significant rebound this month.

At the same time, as can be seen by the figures, the sum revenues for the 10 months of revenues shows a slight deviation from the level it stood in 2013 and 2014, despite the capital controls and other problems that were not present in previous years, indicate sources of the ministry of finance.

What’s important is that in the ten months from January to October 2015, the total the net budget revenues amounted to EUR 36.514 bn, from EUR 37.642 bn in the same period last year (hysteresis 3%)