Greek State Budget Shows Primary Surplus of 7.626 Billion Euro in Jan.-Nov.

Greek State Budget Shows Primary Surplus of 7.626 Billion Euro in Jan.-Nov.

Greek state budget recorded a primary surplus of 7.626 billion euro in the January-November period this year, sharply up from a budget target for a primary surplus of 4.071 billion euro and compared with a 4.646 billion euro surplus in the corresponding period last year, the Finance ministry said on Thursday. The ministry, in a monthly report on budget execution in an amended cash basis, said that general government showed a surplus of 2.563 billion euro in the 11-month period, up from a budget target for a surplus of 1.005 billion euro and a deficit of 774 million in the same period last year. Net revenue was 47.471 billion euro, up 1.6 pct from targets, while regular budget net revenue was 45.620 billion euro, up 1.5 pct from targets.

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