Greece reported a primary budget surplus of 3.5 billion euros

Greece on Friday reported a primary budget surplus of 3.5 billion euros in the January-November period, from a primary surplus of 2.8 billion euros in the same period last year and up 660 million euros compared to a target.

According to the finance ministry’s preliminary data on budget execution, the general government’s deficit totalled 1.9 billion euros in the January-November period, from a deficit of 3.2 billion euros last year and a target for a deficit of 2.5 billion euros.

Net state budget revenues totalled 45.9 billion euros, down 1.2 billion euros from budget targets. Tax returns totalled 3.1 billion euros, from 2.5 billion euros last year and a 2.9 billion euro target. State budget spending totalled 37 billion euros in the January-November period, down 2.2 billion euros from last year.

Public Investment Programme spending totalled 4.6 billion euros, up 15 percent compared to last year.