Greece's Surplus Revenue Reaches €19.7 Billion Amid Economic Challenges
The Greek government reported surplus tax revenues of €19.7 billion for 2022-2025, which were allocated to social benefits and public investment. The increase is attributed to electronic transaction expansion, inflation-driven consumption, and improved tax compliance.
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From 2022 to 2025, Greece's tax surplus reached €19.7 billion, facilitating permanent benefits for vulnerable groups and funding public investment, particularly in defense and healthcare. Fiscal interventions to address the energy crisis totaled €14.7 billion, with costs spread across various budget years: €3.3 billion in 2022, €4.8 billion in 2023, €2.5 billion in 2024, and €2.95 billion in 2025.
The rise in revenues can be linked to increased electronic transactions uncovering undeclared income, high inflation affecting VAT and excise collections, and a surge in tourism. This reliance on consumption for public revenue poses risks amid ongoing price hikes.
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