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  1. Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
    Photo by MacroPolis

    EconomyMacroeconomy

    . The rebound next year largely stems from higher VAT revenue growth (+6.1 percent), while consumption... stem from the VAT streamlining, increase in the corporate tax rate and the advance tax payment for self... in the 2-year period. On the revenue front, the key interventions involve: VAT streamlining

    62%

  2. Budget primary deficit reaches 9.09 bln for H1, up almost 3 bln on 2020
    Photo by MacroPolis

    EconomyMacroeconomy

    six months, higher than the target by 88 million euros. VAT and consumption taxes contributed... 611 million euros in compensation to lessors due to decreased rents; 155 million euros for the grant

    59%

  3. Income tax and VAT revenues drive budget primary surplus to 3.38 bln in Feb
    Photo by MacroPolis

    EconomyMacroeconomy

    taxes (VAT, excise taxes etc.). VAT revenues amounted to 4.44 billion, 127 million higher than

    59%

  4. Primary surplus at 4.37 bln up to March thanks to deferred spending, VAT intakes

    EconomyMacroeconomy

    are 685 million euros above the target. Taxes overshot the target by 308 million euros. VAT revenues... amounted to 1.03 billion. VAT revenues beat the target by 438 million euros. Income tax revenues came

    59%

  5. Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
    Finance Ministry

    EconomyMacroeconomy

    thanks to 829 million euros over-performance in property tax ENFIA due to earlier collection. VAT intakes

    55%

  6. Final budget execution for June affirms solid revenues, driven by VAT and income tax
    Photo by MacroPolis

    EconomyMacroeconomy

    estimated to be collected in September and October respectively, as the ministry outlines. VAT revenues

    55%

  7. VAT, income taxes lead budget outperformance as primary balance deficit eases to 1.16 bln in Jul
    Photo by MacroPolis

    EconomyMacroeconomy

    . VAT revenues beat the target by 1.15 billion euros. ENFIA was above the target by 1.25 billion euros

    55%

  8. Budget primary balance to Aug beats target by almost 6 bln as VAT, income and property taxes drive revenue outperformance
    Photo by MacroPolis

    EconomyMacroeconomy

    estimated to be collected in September to December. VAT revenues beat the target by 1.45 billion euros

    55%

  9. Budget primary surplus of 4.2 bln in Feb beats target on back of higher VAT, income taxes
    Finance Ministry

    EconomyMacroeconomy

    by 1.25 million euros, while transfers were up by 457 million euros. VAT revenues amounted to 4.11

    55%

  10. Higher VAT and income tax takes, with limited spending help budget beat targets in Mar
    Photo by MacroPolis

    EconomyMacroeconomy

    by 1.44 million euros, while transfers were up by 815 million euros. VAT revenues amounted to 5.6 billion

    55%