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Greece budget revenue up 15.2% in April‏ 2015

Greece budget revenue up 15.2% in April‏ 2015

ATHENS: Greece net budget revenue surpassed target by 15.2%, or 500 million euros, in April offering a large breather to the country’s Finance Ministry in managing its obligations.

A Ministry announcement on Wednesday attributed this positive development to a massive response by taxpayers to a Ministry plan offering more favorable payment terms for overdue debt, dividend payment by public sector enterprises and a delayed payment of a property tax.

Net revenue surpassed 3.7 billion euros in April, further reducing a shortfall in the first quarter of the year. Ministry data showed that a total of 380,000 taxpayers have applied for inclusion in a favorable payment terms plan, with a total overdue debt of 2.8 billion euros, while cash collected so far reached 135 million euros.