Greek Budget Shows Primary Surplus of 6.46 Bln Euro in Jan-Oct

Greek Budget Shows Primary Surplus of 6.46 Bln Euro in Jan-Oct

Greek state budget showed a primary surplus of 6.46 billion euro in the January-October period, up from a budget target for a surplus of 3.584 billion euro and up from a primary surplus of 5.33 billion euro in the same period last year, the Finance Ministry said in a report released on Wednesday.
More specifically, according to provisional budget execution figures on an amended cash basis, the general government balance showed a surplus of 1.650 billion euro in the 10-month period, from a medium-term programme target for a deficit of 1.127 billion and a surplus of 144 million in the corresponding period in 2017.
Net revenue was 42.436 billion euro, up 839 million or 2.0 pct from budget targets, while regular budget net revenue was 40.753 billion euro, up 4.0 pct from targets. Tax returns totaled 3.097 billion euro down 770 million from targets. Public Investment Programme revenue was 1.683 billion euro in the January-October period, down 746 million from targets.

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