Tax revenues rose by 4.8% or by 1.989 billion euros compared to the target, for the period from January to August, according to the State budget execution data presented by the Ministry of National Economy and Finance, ANA reports.
For the same period, the primary surplus on a modified cash basis amounted to 7.571 billion euros, compared to a target of 3.316 billion euros.
According to the relevant announcement from the Ministry of Finance, based on preliminary data on the execution of the state budget on a modified cash basis for the period from January to August 2024, there is a surplus in the State budget balance of 1.048 billion euros, compared to a target deficit of 2.774 billion euros included in the explanatory report of the 2024 Budget for the corresponding period, and a deficit of 92 million euros for the same period in 2023.
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