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Thursday, August 21, 2014

Greece Posts €2.3 Billion Primary Budget Surplus in Jan-July

On Thursday, Greece reported a primary budget surplus of 2.279 billion euros in the January-July period. In the corresponding period in 2013, primary surplus stood at 2.555 billion euros. The budget target for this year was a primary surplus of 800 million euros, the Finance Ministry said. In the report, the Ministry said that the general government’s deficit dropped to 1.736 billion euros in the seven-month period, down from a deficit of 1.929 billion in the same period last year and a budget target for a deficit of 3.360 billion euros. Net budget revenue totalled 29.530 billion euros in the January-July period, up 2.3% from the budget target set, while net regular budget revenue totalled 26.240 billion euros, up 1.7% from target. Tax revenue totalled 24.485 billion euros, up 1.4% from target.


READ THE ORIGINAL POST AT greece.greekreporter.com