Greek state budget records primary surplus of €5.755 billion in January-October

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Greek state budget records primary surplus of €5.755 billion in January-OctoberThe state budget balance was positive by 921 million euros in the 10-month period from a budget target for a deficit of 2.896 billion and a shortfall of 460 million in the same period last year

Greek state budget showed a primary surplus of 5.755 billion euros in the January-October period, significantly exceeding a budget target for a surplus of 2.314 billion euros and a primary surplus of 3.811 billion in the same period last year, the Finance Ministry said in a report on Monday, according to ANA.

The state budget net revenue was 43.383 billion euros in the 10-month period, up 4.0 pct from budget targets. This development was attributed to the collection of 1.119 billion euros from a deal to expand a concession contract for the Athens International Airport (initially expected to be collected in 2018) and a collection of 644 million euros from ANFAs.

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


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