Tax revenues in Greece over the first 11 months of the year are significantly above target, according to the provisional data on the execution of the 2023 state budget (on modified cash basis), the finance ministry announced on Monday.

Specifically, tax revenues totaled 56.197 billion euros, up by 605 million euros – or 1.1% – against the target cited in the 2024 budget report.

According to the figures, a state budget balance deficit of 1.004 billion euros was recorded, against a target of a deficit of 3.001 billion included for the corresponding period of 2023, and a deficit of 5.648 billion euros in the corresponding period of 2022.

The primary outcome was a surplus of 5.85 billion euros, against a primary surplus target of 3.77 billion euros and a primary deficit of 1.091 billion euros for the same period in 2022. The greater part of the difference is due to the timing of expenditure payments, which appear lower by 1.775 billion euros, compared to the target.

The ministry announced that net revenues in the period Jan-Nov 2023, reached 59.19 billion euros, an increase of 223 million euros compared to the target included for the corresponding period of the 2024 budget report.