Greek budget records 2.590-bln-euro primary surplus in Jan-Oct

A Finance ministry report said that the state budget showed a cash deficit of 2.958 billion euros in the 10-month period, sharply down from a deficit of 12.258 billion euros in the corresponding period last year and a budget target for a shortfall of 8.726

billion euros.
Net state budget revenue totalled 42.95 billion euros in the January-October period, up 5.7 pct compared with a budget target for the period (40.640 billion euros). Net regular budget revenue totaled 38.937 billion euros, up 5.0 pct compared with a budget target in the same period.
Regular budget tax proceds totalled 35.573 billion euros, up 0.6 pct compared with a budget target. Tax proceeds grew significantly in October, overcoming a shortfall in the previous months. Direct tax proceeds totalled 2.225 billion euros, up 34.4 pct from a monthly target, individual income tax proceeds totalled 963 million euros, up 35 pct from budget targets, property tax proceeds totaled 388 million euros, up 63.6 pct from budget targets, while direct tax proceeds from past fiscal years totaled 201 million euros, up 15.4 pct from targets.
VAT proceeds (other products) totaled 1.245 billion euros, up 5.9 pct from targets, while VAT on oil products totaled 176 million euros, down 23.6 pct from budget targets. Proceeds from a special energy consumption tax fell 11.7 pct from targets to 345 million euros.

source: ΑΜΝΑ