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State Budget Revenue Surpassed Targets in September

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State budget net revenue grew 23.31 percent in September compared with budget targets, final figures released by the General Secretariat of Public Revenue showed on Wednesday.
Budget revenue (pre-returns) totaled 5.6 billion euros in September, up from a provisional estimate of 5.512 billion.
Budget revenue (pre-returns) for the January-September period surpassed budget targets by 4.03 percent, up from a provision estimate for an increase of 3.79 percent. Net revenue for the nine-month period surpassed targets by 4.34 percent, up from a 3.15 percent increase according to provisional figures.
Budget net revenue in September surpassed targets by 23.31 percent, up from a provisional estimate for an increase of 19.33 percent. “These figures offer a documented response to all those who spoke of a derailing in public revenue,” the General Secretariat said in an announcement.
Net revenue in September totaled 5.273 billion euros, up from 3.519 billion in the same month in 2015, an increase of 49.84 percent. Net revenue in the January-September period totaled 34.914 billion euros, from 32.128 billion euros in the same period last year, for an increase of 8.67 percentt. In September, income tax revenue grew 32.86 percent, while property tax revenues soared 2,497.56 percent. Tax returns grew 30.71 percent in September and grew by 21.89 percent in the nine-month period.
(Source: ANA-MPA)

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