Greek budget recorded a surplus of 1.306 billion euros in the January-October period

The Greek budget recorded a surplus of 1.306 billion euros in the January-October period, from a shortfall of 793 million euros in the corresponding period in 2015 and a budget target for a deficit of 3.499 billion euros, according to provisional budget execution data (amended cash basis). The budget recorded a primary surplus of 6.497 billion euros in the 10-month period, from a primary surplus of 4.532 billion in the same period last year and a budget target for a primary surplus of 1.791 billion euros.

State budget net revenue was 42.804 billion euros, up 1.572 billion euros or 3.8 pct from budget targets. Regular budget net revenue was 40.070 billion euros, up 2.398 billion or 6.4 pct from budget targets.

Tax returns amounted to 2.386 billion euros, down 145 million from targets. Public Investment Programme revenue totaled 2.734 billion euros, down 826 million from budget targets.

In October, state budget net revenue was 4.980 billion euros, up 1.058 billion from monthly targets. Regular budget net revenue was 4.822 billion, up 915 million from targets. Tax returns in October totaled 237 million euros, down 127 million from monthly targets.

State budget spending amounted to 41.497 billion euros in the January-October period, down 3.233 billion from targets. Regular budget spending was 38.507 billion euros, down 2.373 billion from targets as primary spending fell 1.738 billion. Regular budget spending was up by 780 million euros compared with the same period last year. Public Investment Program spending totaled 2.990 billion euros, down 860 million from targets.

In October, state budget spending totaled 4.266 billion euros, down 132 million from monthly targets, while regular budget spending surpassed monthly targets by 99 million euros to 3.957 billion. Public Investment Programme spending was 309 million euros, down 231 million from targets.