Greek State Budget Primary Surplus Up 605 Million Euros in Jan-July, Yr/Yr
Greece’s state budget primary surplus was 605 million euro higher in the January-July period this year compared with the same period in 2017, the State Budget Office in Parliament said in a report released on Monday.
The report said that the state budget’s cash primary surplus was 969 million euro lower compared with the seven-month period last year. Budget revenue showed an increase in tax revenue by 300 million euro and Public Investment Program revenue by 272 million euro in the January-July period, while privatization revenue was down 741 million euro on an annual basis.
State budget spending showed an increase of 325 million euro, attributed to an increase in primary spending by 931 million euro. Capital spending fell 725 million euro and Public Investment Program spending were down 119 million euro in the seven-month period.