Greece Reports Jan-Aug Primary Budget Surplus of 2.9 Bln Euro

Greece Reports Jan-Aug Primary Budget Surplus of 2.9 Bln Euro

Greece reported a primary budget surplus of 2.922 billion euro in the January-August period, overshooting a budget target for a surplus of 2.496 billion euro, the Athens News Agency – Macedonian Press Agency reported. 
In the like period of 2012, the country ran a primary deficit of 1.414 billion euro.
The state budget recorded a deficit of 2.441 billion euro in the January-August period, down from a budget target for a deficit of 7.833 billion euro and a budget deficit of 12.484 billion euro in the same period in 2012, the news agency said.
The finance ministry, in a report on the provisional budget figures on a cash basis for the January-August period, said net budget revenue added up to 34.943 billion euro, compared to a budget target of 32.987 billion euro. Regular budget net revenue totalled 30.964 billion euro versus a 29.807 billion euro budget target.
Revenues from indirect taxes surpassed targets by 26.5% in August. 
 
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