Greek Budget Shows Primary Surplus of 1.525 Billion Euro in Jan-May

Greek Budget Shows Primary Surplus of 1.525 Billion Euro in Jan-May

The Greek state budget showed a primary surplus of 1.525 billion euro in the January-May period, up from a budget target for a surplus of 180 million euro, but down from a primary surplus of 1.840 billion euro in the same period last year, the Finance ministry said on Monday.
In a report on budget execution in an amended cash basis, the ministry said the state budget showed a deficit of 813 million euro in the five-month period, from a budget target for a shortfall of 2.163 billion and a deficit of 1.242 billion euro in the same period last year.
State budget net revenue amounted to 18.422 billion euro, up 4.7 pct from targets, while regular budget net revenue was 17.300 billion, up 2.2 pct from targets.

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