Income, property tax revenue up in the third quarter of 2016

Income and property tax revenue accounted for 21.9 pct of total general government revenue in the third quarter of 2016 (5.212 billion euros), from 21.9 pct (4.381 billion) in the corresponding period in 2015, Hellenic Statistical Authority said on Monday.

Revenue from taxes on production and imports accounted for 33.8 pct of total revenue (8.038 billion euros) from 33.3 pct (6.656 billion) in 2015. Total general government revenue was 23.78 billion euros in the third quarter from 19.97 billion in the same period in 2015.

The statistics service, in its quarterly report, said that wages accounted for 26.1 pct of total spending in the third quarter of 2016 (5.482 billion euros), from 26.2 pct (5.353 billion) in the same period in 2015. Social spending accounted for 45 pct (9.439 billion) from 47 pct (9.609 billion) in 2015 and primary spending fell to 19.628 billion euros in the third quarter from 19.689 billion in 2015.

The general government’s primary balance (excluding interest) totaled 4.152 billion euros, from 22 million in 2015.
The public debt was 311.16 billion euros in the third quarter of 2016 from 315.292 billion in the second quarter of 2016 and 303.193 billion in the third quarter of 2015.