Greek general government revenue down, spending up in 4th quarter 2017

The Greek general government’s revenue amounted to 25.243 billion euros in the fourth quarter of 2017, from 25.573 billion euros in the same period in 2016, the Hellenic Statistical Authority said on Tuesday.

The statistics service, in a quarterly report, said that taxes on production and imports totaled 9.450 billion euros (37.4 pct of GDP) in the fourth quarter of 2017, from 9.289 billion euros (36.3 pct of GDP) in the same period in 2016. Taxes on income and property amounted to 4.745 billion euros (18.8 pct of GDP) from 4.095 billion euros (16.0 pct of GDP) in 2016, while revenue from social contributions totaled 6.359 billion euros (25.2 pct of GDP) from 6.196 billion (24.2 pct of GDP) in 2016.

The general government’s spending amounted to 25.592 billion euros in the fourth quarter of 2017, from 25.397 billion in the corresponding period in 2016, led by primary spending (24.164 billion euros or 94.4 pct of GDP) from 24.028 billion (94.6 pct of GDP) in 2016. Payroll costs totaled 5.567 billion euros (21.8 pct of GDP) in the fourth quarter of 2017 from 5.504 billion (21.7 pct of GDP) in 2016, while spending on social benefits amounted to 10.571 billion euros (41.3 pct of GDP) form 10.973 billion (43.2 pct of GDP) in 2016. Spending on interest was 1.428 billion euros (5.6 pct of GDP) in the fourth quarter from 1.369 billion (5.4 pct of GDP) in 2016.

The country’s public debt was 317.407 billion euros in the fourth quarter of 2017 from 315.009 billion a year earlier.

Source ANA-MPA
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