Jan-Feb primary budget surplus 70% higher than expected

The Greek budget posted a primary surplus of 3.401 billion euros in January-February 2024, provisional data showed on Friday on a modified cash basis, against a target for a primary surplus of €1.981 billion (up by over 70%) and a primary surplus of €4.215 billion for the same period in 2023. Tax revenue beat its target by 9.1%.

According to the data announced by the National Economy and Finance Ministry, the balance of the state budget showed a surplus of €1.46 billion, against a target for a surplus of €101 million included in the introductory report of the 2024 budget, and a surplus of €2.308 billion in the corresponding period last year.

In the period January - February 2024, the amount of net revenues of the state budget amounted to 12,671 million euros, showing an increase of 1,593 million euros or 14.4% compared to the target included for the corresponding...