Greek public debt grew to 313.524 bln euros in Q3 2017

The Greek public debt grew to 313.524 billion euros in the third quarter of 2017 from 311.340 billion in the same period in 2016, Hellenic Statistical Authority said on Monday.

The statistics service, in a report on the general government’s quarterly non-financial accounts, said the Greek budget showed a primary surplus of 2.572 billion euros in the third quarter from 2.224 billion in 2016 (based on the ESA 2010 regulation not identified with the programme’s primary surplus).

Taxes on income and assets totaled 5.043 billion euros in the third quarter of 2017 (21.8 pct of general government’s revenue) from 4.932 billion in 2016 (21.1 pct), social contributions amounted to 6.6 billion euros (28.5 pct of revenue) from 6.578 billion (28.2 pct) in 2016, while taxes on production and imports totaled 8.344 billion euros (36.1 pct) from 8.027 billion (34.4 pct) in 2016. The general government’s revenues amounted to 23.134 billion euros in the July-September period in 2017 fro 23.321 billion in the corresponding period in 2016.

Payroll spending totaled 5.502 billion euros (26.8 pct of spending) in the third quarter of 2017 from 5.444 billion (25.8 pct) in 2016, social spending amounted to 9.407 billion euros (45.7 pct of spending) from 9.566 billion (45.3 pct) and primary spending fell to 19.224 billion euros from 19.764 billion. General government’s spending amounted to 20.562 billion euros in the third quarter of 2017 from 21.097 billion in 2016.