Extra taxation did not increase revenues in 2017

EconomyFeatures Tags: Budget, ELSTAT, Revenues, Taxes By: Omaira Gill
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The data, based on the Hellenic Statistical Authority (ELSTAT) provisional fiscal data for the period from 2014 up to 2017, showed that general government revenue came to just over 50 percent of GDP in 2016 versus 48.8 percent in 2017.

The figures showed that according to the 2017 fiscal data, Greece produced a total surplus of 1.45 billion euros, which translates into 0.8 percent of GDP. The primary balance exceeded 7 billion euros, standing at 7.08 billion, or 4 percent of GDP. Thes...

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