Primary budget surplus at €2.16 bln at end-June

The Greek state budget recorded a primary surplus of 2.166 billion euros in the January-June 2023 period, up from a budget target for a surplus of €415 million and a primary deficit of €3.425 billion in the same period last year, the Finance Ministry said on Monday.

A report on provisional budget execution data said the general government balance showed a deficit of €2.467 billion in the six-month period, against a budget target for a deficit of €4.265 billion and a deficit of €6.548 billion in the same period last year.

Net revenue was €30.87 billion, 4.1% above the target, reflecting higher tax revenue and the collection of €603 million from ANFAs.

Tax revenue was €27.3 billion, 8.9% higher than the target, tax returns totaled €3.39 billion, €586 million above the target, while Public Investment Program (PIP) revenue was €2.183 billion, €502 million below the...