Greece Beat Targets for Deficit, Primary Surplus in Jan-July 2017, Budget Execution Data Shows

Greece Beat Targets for Deficit, Primary Surplus in Jan-July 2017, Budget Execution Data Shows

The Greek state budget deficit was some 930 million euros lower than targets for the seven-month period of January-July 2017, according to budget execution data released by the Greek finance ministry on Thursday. The state budget primary balance amounted to a surplus of 3,024 million euros, against the primary surplus target of 2,098 million euros and the primary surplus of 2,715 million euros performed at the same period of the previous year.
According to the data available for the execution of the state budget on a modified cash basis, the state budget balance for the period of January - July of 2017 presented a deficit of 1,351 million euros, against the MTFS 2018-2021 target deficit of 2,280 million euros for the same period of 2017 and a deficit of 1.676 million euros for the same period of 2016.
State budget net revenues amounted to 27,316 million euros, showing an underperformance of 636 million Euros or 2.3% against the target of MTFS 2018-2021.
 
ANA-MPA

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