Greek state budget recorded a smaller primary surplus in January compared with the same month last year, on a cash basis, the Bank of Greece said on Friday.
The central bank, in a monthly report, said the state budget’s primary surplus fell to 248 million euros in January from 386 million last year. The state budget also recorded a smaller surplus of 183 million euros in January, from 287 million in 2016.
Regular budget spending grew to 3.2 billion euros this year, from 3.0 billion in 2016, while revenue grew to 3.7 billion euros from 3.2 billion last year.
Regular budget spending included spending of around 41 million euros on the repayment of state arrears to the private sector.