State revenues in Greece, exceeded targets in November 2013, both for the month itself and for the January-November period, according to figures released by the General Secretariat for Public Revenues on Monday. Total revenues in November reached 2.37 billion euros, exceeding budget targets for the month by 14 percent.
Commenting on the January-November 2013 results, Greek General Secretary for Greek Public Revenues Haris Theocharis said that the improvements in achieving targets were now “clear and irreversible” at the end of a difficult year for Greek tax-payers and the tax collection mechanism.
“This success is credited not only to the staff in taxation management but mainly to the conscientious tax payers that participated in the common effort to reorganize the national economy for the fastest possible exit from the crisis”.
Total revenues for the January-November 2013 period fully recovered and moved into positive territory for the first time since March, exceeding targets by 0.4 pct. Targets were also exceeded by 500 million euros for tax rebates, which came to 3.06 billion euros instead of the initially forecast 2.56 billion euros.
Tax offices exceeded targets for VAT collection by 1.8 pct in November, while the target was exceeded by 3.3 pct on an 11-month basis since the start of the year.
The secretariat also reported a new rise of total overdue debts to the state, which reached 63.337 billion euros in November from 62.880 billion euros in October.
According to the finance ministry, total collection of overdue debts in the 11-month period is estimated at 2.86 billion euros and increased by 30.1 pct (680 million euros) relative the same period in 2012 (2.19 billion euros). The ministry reported record collections performance during the month and an encouraging reduction in the number of individuals (108 pct) and legal entities (4.8 pct) with debts to the state.
(source: ana-mpa)
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