Despite repeated revisions of the financial goals of last year΄s budget, Greek government missed a revised target of revenue by about EUR290million, according to officials.
The shortfall is considered relatively small, as no significant effect will have on the deficit estimate for 2010, Ministry of Finance officials say.
Same sources revealed that revenue in December, after the tax refunds of EUR750million, amounted to EUR5.75billion, up by 10.6% over the corresponding months last year.
Throughout the year, the state budget revenue reached EUR51.1billion, recording an increase of 5.4% compared with 2009. The targeted increase in revenue was set at EUR51.39billion, or 6%. This means that there was a deviation of nearly EUR290 million.
It should be noted that the shortfall in revenue would be bigger by 100 million if the tax refunds had reached EUR5.1billion, according to ministry’s estimation.
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