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> Economy

FinMin: Primary surplus of 1.046 billion for 2014’s first quarter

According to state budget statistics

Newsroom May 23 01:22

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According to the final data of the state budget, on a modified basis, for the quarter of January-April 2014, there is a deficit in the balance of the state budget of 1,146 million euros, compared with a deficit of 2,426 million in the corresponding 2013 period and a previously set target of 1,459 million.

The primary balance results in a surplus of 1,046 million compared with a primary deficit of 306 million in 2013’s corresponding period, with the primary surplus target being 742 million.

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The net revenue of the state budget amounted to 16,136 million euros, presenting a decrease of 265 million or 1.6% against its previously set target.

Net revenues of the regular budget amounted to 13,842 million, with a decrease of 1.053 million euros or 7.1% lower compared to the target.

The total tax revenue stood at 12,588 million euros, 399 million euros (or 3.1%) lower than the target.

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