There was a significant shortfall in tax revenues, which were 386 million euros below targets, in January and February, according to the state budget execution data.
Based on a relevant announcement from the General Accounting Office of the State, tax revenues – excluding the one-off transaction of the Egnatia Motorway – amounted to 11.474 billion euros, with a deficit of 386 million euros compared to the target.
The main reason for this deviation was found in the taxes attributable to energy products, where collection was down by 286 million euros. The deficit is mainly due to the month of January, where reduced transaction taxes were collected due to the closures of Customs Offices and national roads in December.
The second factor behind the decline was income taxes, which showed a total decrease of 90 million euros, with the performance of income tax of legal persons and entities, being reduced by 84 million euros.
