Surplus EUR 1,610 billion is presented in his balance budget From January to March 2025, according to execution data on a modified cash base, against a target for deficit EUR 2,364 billion and a deficit of EUR 44 million in 2024.
At the same time, according to the state budget, the primary outcome on a modified cash base stood at a surplus of EUR 4,498 billion, against target for a primary surplus of EUR 616 million and a primary surplus of € 2,987 billion for the same period in 2024.
It is noted that EUR 1,423 billion in terms of delayed budget payments (transfer payments to OKA and equipment programs) and an amount of EUR 696 million concerning the detention of investment expenditure, do not affect the outcome of the general government in budgetary terms.
In addition, the tax revenue of EUR 887 million of the first installment of ENFIA received in March was foreseen that it would be collected in April, while an amount of EUR 342 million in January-February is counted in the year 20 in the year 2024 million. Against the budget objectives, it is estimated at € 534 million.
It is noted that this quarter amount includes part of part of the Ecclesiastical Income Tax of Natural Persons of EUR 168 million, which had been projected to be collected in the coming months, as the application for the submission of tax returns was put into operation in mid -March.
It should be noted that the primary outcome in budgetary terms differs from the outcome in cash terms. In addition, the above relate to the primary outcome of the central administration and not the whole general government, which includes the financial results of the legal entities and sub -divisions of the Local Authorities and OKAs.
During the period January – March 2025, the net revenue of the state budget amounted to EUR 17,697 billion, up EUR 1,822 billion or 11.5% against the target included for the corresponding period in the budget report of 2025.
It is noted that this amount contains: (a) The first installment of ENFIA of EUR 887 million, which was received in March instead of April projected to be collected; The application for the submission of tax returns and (c) both in revenue (in the category of “Sales of Goods and Services”) and tax refunds (VAT), the amount of EUR 784.8 million from the transactions required in January 2025 for the completion of the new concession contract.
The total revenue of the state budget amounted to EUR 20,110 billion and incorporate the above -mentioned amounts of the first installment of ENFIA, the collection of part of the income tax, and the new Attica concession contract. Except, total revenue amounts to € 18,270 billion and increased by the target of € 663 million.
In particular, the revenue of the major categories of the state budget are as follows:
1. Revenue of the “Taxes” category amounted to € 16,824 billionincreased by EUR 1,758 billion or 11.7% against the target mainly due to: (a) the collection in March of the first installment of ENFIA, as well as the collection of part of the income tax, as mentioned above and (b) the best yield on the tax collection of this year (VAT) and the taxpayer, etc. The year received in installments by the end of February 2025.
Specifically for the main taxes in this category, the following are observed:
- VAT revenue amounted to EUR 6,551 million and is increased by the target of EUR 365 million.
- The revenue of the EFFs amounted to EUR 1,596 million and is increased by the target of € 55 million.
- Revenue revenue of real estate tax amounted to EUR 1,081 million and increased by the target of EUR 826 million due to the collection of the first installment of ENFIA, as mentioned above.
- Income tax revenues amounted to EUR 6,101 million and is increased by the target of EUR 375 million, of which: the income tax of natural persons is increased by EUR 319 million, the other income taxes increased by EUR 190 million, while the income tax of 133 million euros. monthly installments of the previous financial year.
2. Revenue of the “Social Contributions” category amounted to 15 million eurosaccording to the objective.
3. Revenue of the “Transfers” category amounted to EUR 1,441 billionreduced by EUR 188 million against the target included in the budget report of 2025. EUR 1,215 billion concerns RIP revenue, which is reduced by EUR 324 million against the target.
4. Revenue of the “Sales of Goods and Services” category amounted to EUR 1,068 billion and include the amount of EUR 784.8 million, as mentioned above. Excluding this amount, the revenue of the major “sales of goods and services” amounted to € 283 million, up 77m euros against the target.
5. Revenue of the ‘Other Current Revenue’ category amounted to 762 million eurosincreased by EUR 92 million compared to the target included in the budget report of 2025. From the above collection of EUR 762 million, EUR 105 million relates to RIP revenue, which is increased by EUR 9 million against the target.
Revenue refunds amounted to EUR 2,414 billion and incorporate the VAT refund of EUR 784.8 million from the Attica Odos concession contract, as mentioned above, which is fiscally affected by 2024. If this amount is excluded, tax refunds amounted to € 1.629 million and € 103 million. (EUR 1,732 million), included in the budget report of 2025.
The total revenue of the RIP amounted to EUR 1,320 million, reduced by EUR 315 million from the target (EUR 1,635 million), included in the budget report of 2025.
In particular, in March 2025, the total net revenue of the state budget amounted to EUR 5,953 million, increased by EUR 1,652 million against the monthly target. Total state budget revenue amounted to EUR 6,508 million, increased by the monthly target by EUR 1,717 million.
In particular, the revenue of the major categories of the state budget are as follows:
1. Revenue of the “Taxes” category amounted to EUR 4,945 millionincreased by EUR 1,252 million or 33.9% against the target. This increase is mainly due to the collection of the first installment of ENFIA € 887 million provided to be collected in April, as well as the collection of part of the income tax of natural estimates of EUR 168 million which had been projected to be collected by the following months, due to their taxpayers. as mentioned above.
Specifically for the main taxes in this category, the following are observed:
- VAT revenue amounted to € 1,722 million and is increased by the target of € 215 million.
- The revenue of the EFSP amounted to EUR 512 million in accordance with the target.
- Revenue revenues of real estate amounted to EUR 888 million and is increased by the target by EUR 845 million due to the collection of the first installment of ENFIA.
- Income tax revenue amounted to EUR 1,295 million and increased by the target of € 187 million.
2. Revenue of the “Social Contributions” category amounted to 5m eurosaccording to the objective.
3. Revenue of the “Transfers” category amounted to EUR 1,144 millionincreased by EUR 265 million compared to the target included in the budget report of 2025. EUR 1,123 million relates to RIP revenue, which is increased by EUR 300 million against the target.
4. Revenue of the “Sales of Goods and Services” category amounted to EUR 76 millionincreased by EUR 31 million against the target.
5. Revenue of the ‘other current revenue’ category amounted to 339 millionincreased by EUR 189 million compared to the target included in the budget report of 2025. From the above collection of EUR 339 million, EUR 8 million relates to RIP revenue, which is reduced by EUR 9 million against the target.
March revenue refunds amounted to EUR 555 million, up EUR 66 million from the target (€ 490 million).
The total revenue of the RIP month of March amounted to EUR 1,131 million, increased by EUR 291 million from the target (EUR 840 million).
State budget expenditure for the January -March 2025 period amounted to EUR 16,086 million and are reduced by EUR 2,152 million against the target (EUR 18,238 million), included in the budget report of EUR 2025.
In the regular budget, payments are reduced by the target of EUR 1,456 million, mainly due to the delayed transfer payments to OKA and the cash payments of equipment programs by EUR 978 and EUR 445 million respectively. It is noted that the above amounts do not affect the outcome of the General Government on budgetary terms.
Remarkable payments are transfers to hospitals and the Ministry of Education of EUR 455 million, as well as the transfer of EUR 400 million to cover the cost of providing utility services in the electricity sector (SGI), in accordance with article 55 of Law 4508/2017.
Investment expenditure payments amounted to EUR 1,791 million, down by EUR 696 million compared to the target, which has been included in the 2025 budget report. At the same time, they are reduced by the corresponding payments of 2024 by EUR 1,021 million.