Greek State Budget Showed a Primary Surplus of 1.85 Bln Euros In Q1

The Greek state budget recorded a primary surplus of 1.85 billion euros in the first quarter of 2019, up from a surplus of 840 million in the same period last year, the Bank of Greece said in a report released on Wednesday.

The central bank said that in January-March 2019, the central government cash balance recorded a deficit of 1.172 billion euros, compared to a deficit of 99 million in the same period of 2018. During this period, ordinary budget revenue amounted to 10.527 billion euros, compared to 11.331 billion in the corresponding period last year. Ordinary budget expenditure amounted to 12.669 billion euros, from 11.911 billion in January-March 2018.