Greek budget showed primary surplus of 4.809 billion euros in January-September

Greek state budget showed a primary surpus of 4.809 billion euros in the January-September period, significantly up compared with a budget target for a primary surplus of 2.521 billion euros and up from a surplus of 4.542 billion in the same period last year.

More specifically, provisional budget execution figures, on an amended cash basis, showed that the state budget (general government) recorded a surplus of 293 million euros in the nine-month period, from a budget target for a deficit of 1.841 billion and a deficit of 327 million in the same period last year.

Net revenue was 37.228 billion euros, up 1.6 pct from targets, with regular budget net revenue totaling 35.660 billion euros, up 3.0 pct from targets. Tax returns totaled 2.951 billion euros, down 507 million from budget targets and Public Investment Programme revenue was 1.569 billion euros, down 433 million from targets.

State budget spending totaled 36.936 billion euros in the January-September period, down 1.543 billion from targets, while regular budget spending were 305 million euros less than budget targets to 35.264 billion euros. State budget spending was 582 million euros lower compared with the same period last year. Public Investment Programme spending totaled 1.672 billion euros, down 1.238 billion euros from targets.

In September, state budget net revenue was 5.360 billion euros, down 346 million from monthly targets, while regular budget spending totaled 5.225 billion euros, down 79 million from targets. Public Investment Programme revenue was 134 million euros, down 267 million from monthly targets. Tax returns totaled 387 million euros, down 105 million from monthly targets.

State budget spending totaled 3.847 billion euros, down 316 million from monthly targets, while regular budget spending was 3.652 billion, down 1.0 million from targets. Public Investment Programme spending was 195 million euros, down 315 million from targets.

Source ANA-MPA
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