Greek State Budget Records Primary Surplus of 3.751 Billion Euros in Jan-Aug

Greek State Budget Records Primary Surplus of 3.751 Billion Euros in Jan-Aug

The Greek state budget recorded a primary surplus of 3.751 billion euros in the January-August period, slightly down from a surplus of 3.798 billion in the same period last year, but sharply up compared with a budget target for a primary surplus of 980 million euros.
Regular budget revenues surpassed targets by 458 million euros, the finance ministry said in a report on state budget execution on an amended cash basis, released on Tuesday.
The general government’s deficit was 1.040 billion euros in the eight-month period, from a deficit of 1.104 billion last year and a budget target for a deficit of 3.880 billion.
State budget net revenue was 31.945 billion euros, down 1.8 pct from targets, while regular budget revenues amounted to 29.878 billion, up 1.6 pct from targets.


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