January – July budget execution: Tax revenues increased by 2.3 billion euros against the target

Tax revenues between January and July 2024 are significantly higher than the target, according to a relevant announcement by the Ministry of National Economy and Finance on Friday.

In particular, tax revenues amounted to 36.993 billion euros, increased by 2.317 billion euros or 6.7 percent compared to the target included in the introductory report of the 2024 Budget. The good course of tax revenues is mainly due to collections from income tax.

In July tax revenues amounted to 7.794 billion euros, up by 1.059 billion euros or 15.7 percent against the target.

The primary result on an adjusted cash basis was a surplus of 5.683 billion euros, against a target for a primary surplus of 1.655 million euros