Greek State Budget Primary Surplus up in Jan-June

Greek State Budget Primary Surplus up in Jan-June

The Greek state budget showed a primary surplus of 617 million euro in the January-June period, up from a budget target for a surplus of 465 million euro, but down from a surplus of 1.936 billion euro in the corresponding period last year.
The Finance Ministry, in a report on provisional budget execution data, said the general government balance showed a deficit of 2.318 billion euro in the first six months of the  year, from a budget target for a deficit of 3.249 billion and a shortfall of 1.596 billion euro in the same period in 2017.
State budget net revenue amounted to 21.960 billion euro in the first half, up 131 million or 0.6 pct from budget targets, while regular budget net revenue was 20.712 billion euro, up 87 million or 0.4 pct from targets. Tax returns was 2.229 billion euro, up 76 million from targets, while Public Investment Programme revenue totaled 1.248 billion euro, up 44 million from targets.

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