Greece’s January-July 2022 tax revenue is ‘higher’ than expected

Tax revenues between January and July 2022 far exceeded the plan, according to preliminary data on the implementation of the state budget, released on Tuesday by the Greek Ministry of Finance.

The target was exceeded by €5.1 billion, with total tax revenue for the period of €31.094 billion, up 19.9% ​​from the target included in the 2022 Budget Introductory Report.

The beating of the July revenue target was also particularly important. Revenues rose by 1.582 billion euros, reaching a total of 6.421 billion euros, an increase of 32.7% compared to the target.

Commenting on this positive change in earnings, Deputy Finance Minister Theodoros Skylakakis mentioned the resilience shown by the Greek economy despite huge external pressures.

“The good course of state revenues continued in July. This is due to the resistance of the Greek economy to the colossal external pressure it has faced in recent years. Particularly significant is the massive return of almost one-third of the reimbursable advance by small and medium-sized enterprises. It proves that something has begun to change in the business model of small and medium-sized enterprises.”

PS In fact, the increase in revenues is associated with a successful tourist season, as well as double-digit inflation. But the government will talk about its own successes. And this is quite expected.

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