The state budget implementation for the first seven months of 2025 stood at 31%, compared to 30% in the same period of 2024, according to the Treasury of the Republic.
Over the last decade, the average implementation rate of the state budget’s development expenditures up to the end of July stood at 27%.
The total development expenditures of the 2025 state budget amount to €1.55 billion, with implementation by the end of July reaching €480.44 million, compared to €446.12 million in the corresponding seven-month period of 2024.
Specifically, according to the report “Implementation of the State Budget” for the period January – July 2025, published on Thursday by the Treasury, by the end of July 2025 revenues amounted to €5.23 billion, corresponding to 45% of the state budget (2024: €5.90 billion, 52%), while actual expenditures reached €5.30 billion, representing an implementation rate of 41% (2024: €6.43 billion, 47%).
According to the Treasury, the implementation of the state budget in terms of revenues shows a decline compared with the same period last year (2025: 45%, 2024: 52%), mainly due to a decrease in Loan Drawdowns by €1.05 billion, partly offset by an increase in direct and indirect taxes of €0.17 billion and €0.10 billion, respectively.
It is also noted that the implementation of the state budget in terms of expenditures is lower as well (2025: 41%, 2024: 47%), mainly due to reduced Loan and Interest Repayments by €1.33 billion.
The state budget, prepared on a cash basis, projects for 2025 a 4% increase in revenues (2025: €11.75 billion, 2024: €11.28 billion) and a 5% decrease in expenditures (2025: €12.95 billion, 2024: €13.60 billion).
According to the Treasury, the projected increase in revenues is mainly due to higher direct and indirect taxes, up by €0.27 billion and €0.17 billion respectively. On the other hand, the projected reduction in expenditures is mainly due to lower loan repayments (down €0.77 billion), combined with higher social benefits spending (up €0.13 billion).
(Source: CNA)
