Finance Ministry

The Treasury and Finance Ministry has initiated an investigation into athletes with substantial earnings who have failed to declare their income, examining the earnings of 1,900 individuals across various sports disciplines.

As part of a broader wave of tax audits, the ministry has now shifted its attention to professional athletes.

The pension raises and the adjustment of the minimum salary are expected to add to state revenue in the 2025 budget, combined with the growth of the Greek economy, according to the first draft the National Economy and Finance Ministry submitted on Monday in Parliament.

The Medium-Term Plan 2025-2028 the National Economy and Finance Ministry presented on Monday foresees a return to the years before the bailouts in terms of basic fiscal figures, such as debt, but also macroeconomic ones, such as GDP.

Participants operating in the Istanbul Finance Center (IFC) will be able to conduct their accounting transactions in foreign currencies starting from 2025.

The "General Communiqué on the Tax Procedure Law," which was prepared by the Revenue Administration of the Treasury and Finance Ministry, entered into force after being published in the Official Gazette.

Greece's state budget primary surplus in January-August 2024 stood at 7.547 billion euros, against a target of €3.316 billion, according to preliminary figures on the execution of the state budget released by the National Economy and Finance Ministry on Wednesday.

Tax revenues amounted to €43 billion, which was €1.9 billion or 4.6% higher than the targeted amount, the ministry said.

As part of its effort to keep a tight eye on taxpayers who make large incomes and lead lavish lifestyles yet fail to pay the proper taxes, the Treasury and Finance Ministry has commenced tracking transactions of luxury yachts and boats.

BELGRADE - The Serbian government passed on Thursday a bill amending the 2024 budget law, under which overall budget revenues will total 2,173.4 bln dinars, up by 6.5 pct - or by 132.5 bln dinars - compared to this year's initial budget.

The central government budget posted a deficit of 129.6 billion Turkish Liras in August, rising from a deficit of 96.8 billion liras in the previous month, the Finance Ministry has said.

In August 2023, the budget ran a surplus of 51.3 billion liras.

Greece's request to the EU Directorate General for Competition, to be submitted in early October, foresees new guarantees of 1 billion euros in the context of Hercules III for helping banks clear out bad loans.

The consistent overshooting of tax revenue targets seen every month this year is now safely forecast to lead to a higher primary surplus in the 2024 budget compared to the target. That will allow the government to plan additional spending of around €500 million for the next year compared to the original target - after an agreement with Brussels.