Greek state records primary surplus of €2.9 billion in January-August

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Greek state records primary surplus of €2.9 billion in January-August Greek budget revenue has exceeded targets by 287 million euros in August, offering evidence of positive developments arising on the fiscal front

Greek state budget showed a primary surplus of 2.903 billion euros in the January-August period, up from a budget target for a primary deficit of 272 million euros and a primary surplus of 1.124 billion euros in the same period last year, the finance ministry said on Monday, according to ANA.

The ministry report noted that, according to provisional budget execution in an amended cash basis, the state budget showed a deficit of 1.591 billion euros in the eight-month period from a budget target for a deficit of 4.976 billion euros and a shortfall of 2.677 billion recorded in the corresponding period last year.

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Photo Source: flickr.com License: CC-BY-SA Copyright: Tilemahos Efthymiadis

 

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