Tax returns totaled 1.058 billion euros in the January-March period, up 74 million from targets
primary surplus
Income and property taxes totaled 4.57 billion euros (17.9 pct of total revenue), down from 4.985 billion euros (19.1 pct) in the fourth quarter of 2018
In March, net revenue was 3.647 billion euros, up 403 million from targets, reflecting the collection of 779 million euros from the Bank of Greece
The initial target was € 1.47 billion
Greece’s bailout deal “was designed to look tough in order to be palatable to electorates in the north of Europe, but experts agree that it is wildly unrealistic”...
For 2019 the forecast of the Bank of Greece is a primary surplus of 2,9% of GDP against a target of 3,5% of GDP
The additional benefits for 2020 will have a fiscal impact of 1.2 billion or 0.6% of GDP
He also noted the need for an agreement between Greece and the International Monetary Fund (IMF) on the size of primary surpluses
The country would have to sustain unfeasible yearly primary surpluses at least until 2060!
Primary surplus target for 2017 set at 1.8% of GDP
