Budget revenues beat targets by 24 pct in October
General government budget revenue – pre tax returns – beat budget targets by 24 pct in October, Alternate Finance Minister Christos Staikouras said on Tuesday.
A ministry statement said that “the general government budget’s data for the first nine months of the year supported the estimate that 2013 will end with a primary budget surplus. Additionally, the October figures surpassed targets.”
The statement noted that pre-tax return revenue totaled 4.8 billion euros in October, up by 750 million euros, or 24 pct compared with the budget target for the month.
Budget revenues continued to surpass targets for the fourth consecutive month, helping the 10-month figure to surpass budget targets. “With the painful contribution of households and enterprises the country is approaching its fiscal targets,” the statement noted.