Below is the development of Greece's State Budget (not to be confused with the General Government Budget!) for the period 2013-15 (in BEUR). The respective analytical comments by the Ministry of Finance can be found here. And this article in the Ekathimerini also makes analytical comments.
What stands out, in my opinion, is the year 2015. Throughout the year, particularly during the first 6 months, one could read that the Greek state was collapsing; that taxes were no longer being paid; that the small primary surplus of 2014 would turn into a huge deficit in 2015. And yet --- 2015 looks rather normal, if not quite good.
Another thing which stands out is that tax revenues before tax refunds are actually declining. This is quite surprising against the background of the seemingly countless tax increases which were made since 2010. One the other hand, one needs to bear in mind that, month after month, over 1 BEUR of taxes due are not paid. If those taxes were paid, the state would have huge surpluses.
What stands out, in my opinion, is the year 2015. Throughout the year, particularly during the first 6 months, one could read that the Greek state was collapsing; that taxes were no longer being paid; that the small primary surplus of 2014 would turn into a huge deficit in 2015. And yet --- 2015 looks rather normal, if not quite good.
Another thing which stands out is that tax revenues before tax refunds are actually declining. This is quite surprising against the background of the seemingly countless tax increases which were made since 2010. One the other hand, one needs to bear in mind that, month after month, over 1 BEUR of taxes due are not paid. If those taxes were paid, the state would have huge surpluses.
| State Budget Excecution | |||||
| 2013 | 2014 | 2015 | |||
| I. State budget net revenue (1+2) | 53.019 | 51.366 | 51.421 | ||
| 1. Ordinary budget net revenue (A+B+C) | 48.423 | 46.650 | 46.589 | ||
| A. Revenue before tax refunds | 51.442 | 49.636 | 49.257 | ||
| B. Privatization proceeds | 86 | 384 | 254 | ||
| C. Tax refunds | -3.105 | -3.370 | -2.922 | ||
| 2. Public investment budget net revenues (A+B) | 4.596 | 4.716 | 4.832 | ||
| A. EU funds | 4.520 | 4.649 | 3.900 | ||
| B. Own resources | 76 | 67 | 932 | ||
| II. State budget expenditure (1+2) | 58.459 | 55.063 | 54.950 | ||
| 1. Ordinary budget expenditure (A+B+C+D+E) | 51.809 | 48.471 | 48.544 | ||
| A. Primary expenditure | 44.230 | 41.928 | 41.298 | ||
| B. Military procurements (cash basis) | 529 | 345 | 565 | ||
| C. Guarantees called | 879 | 587 | 703 | ||
| D. Net interest payments | 6.044 | 5.569 | 5.800 | ||
| E. Loan disbursement fees (EFSF) | 127 | 42 | 178 | ||
| 2. Public investment budget expenditure | 6.650 | 6.592 | 6.406 | ||
| A. Own resources | 783 | 710 | 681 | ||
| B. Co-financed | 5.867 | 5.882 | 5.725 | ||
| III.a. State budget primary balance (excl. interest) | 604 | 1.872 | 2.271 | ||
| III.b. State budget balance overall (incl. interest) | -5.440 | -3.697 | -3.529 | ||
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