Direct taxes jump by 46 pct to help Sept. revenues beat target for third month in row

Economy

The budget execution to September showed revenues beating monthly targets by 339 million euros for the third straight month in September, with the year to date shortfall further narrowing to 710 million from its peak of 1.61 billion euros at the end of June, according to the final data released by the Ministry of Finance (MoF). The positive surprise stemmed from direct taxes, which rebounded strongly in September more than offsetting another weak set of indirect taxes.

After a stronger bottom-line performance in the previous two months, Greece exhibited a primary deficit at 229 million euros in September from 306 million in August and 2.57 billion in July, with the latter being significantly boosted by cumulative Publ...

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