The Ministry of Finances announced that due to a reduction in primary expenses worth 1.4 billion euros and in spite of an 884-million-euro shortfall in tax revenue, the primary surplus between January and April 2015 amounted to 2.1 billion euros. According to official divs on the execution of the budget during the four-month period in 2015, there is a 510-million euro deficit in the state balance compared to a 1.14 billion euro deficit during the same period of 2014 and 2.9 billion euro deficit target.
The primary surplus amounted to 2.1 billion euros, compared to the 1.04 billion euro surplus target and 310 primary deficit target for the same period of 2014. The General Accounting Office noted that the state budget net revenue increased by 371 million euros (2.4%) to 15.815 billion euros. Meanwhile, the regular budget net revenue dropped by about 94 million euros (0.7%) to 14.29 billion euros.
State budget expenses came to 16.324 billion euros, about 2.037 billion euros short of the 18.361 billion euros target. Specifically, the regular budget expenses amounted to 15.503 billion euros (1.628 billion euros short of the target), which has been attributed to the 1.455 billion euro reduction in primary expenses and a 168-million-euro slash in military supplies expenses.
It was also announced that the revenue from the Public Investment Budget increased to 1.525 billion euros, up by 465 million euros. The Public Investment Budget expenses came to 821 million euros, about 409 million euros short of the 1.23-billion-euro target and about 577 million euros less than in the same four-month period in 2014.
