7.2.13
The first shortfalls for 2013 have been announced with the estimated revenue being 7% less compared to projected goals and approximately 16% less than 2012. The January shortfall was estimated to be 305 million euros.
Net revenue in January 2013 came to 4.05 billion euros (when the goal was 4.35 billions), compared to 4.82 billion euros in January 2012. According to official data, the revenue from VAT was down by 15%, which is attributed to the 70% drop in heating oil sales.
The Troika, which is scheduled to visit Greece in a few weeks, will refer to State revenue divs to determine whether the memorandum plan is feasible. These first results indicate that it will be very difficult to achieve the set goals for 2013, since the real economy has been hard by the recession.
The Ministry of Finances is trying to find ways to increase revenue without burdening tax-payers any more. The first thoughts are to hunt down 1,000 overdue borrowers and to intensify the investigation of outstanding tax cases.
