Greek state budget records primary surplus of 5.454 billion euros in the January-September period

Greek state budget recorded a primary surplus of 5.454 billion euros in the January-September period, from a primary surplus of 3.072 billion in the same period last year and a budget target for a surplus of 1.907 billion, official figures showed on Friday.

The general government balance showed a surplus of 606 million euros in the nine-month period, from a deficit of 1.904 billion last year and a budget target for a deficit of 3.023 billion euros.

State budget net revenue was 37.827 billion euros in the January-September period, up 1.4 pct from budget targets, while regular budget net revenue was 35.251 billion euros, up 4.4 pct from budget targets. Budget returns, excluding returns of the state arrears program, totaled 2.149 billion euros, down 18 million from targets, while public investment programme revenue was 2.575 billion euros, down 970 million from targets.

State budget spending was 37.221 billion euros in the nine-month period, down 3.112 billion from budget targets, while regular budget spending was 34.539 billion euros, down 2.483 billion from targets.

Regular budget spending surpassed last year’s levels by 514 million euros, while public investment programme spending was 2.681 billion euros, down 629 million euros from budget targets.

In September, state budget revenue was 5.882 billion euros, up 1.106 billion from monthly targets, while regular budget revenue was 5.374 billion, up 1.028 billion from targets. Budget returns in September were 242 million euros, down 115 million from monthly targets.

Spending totaled 4.236 billion euros in September, up 317 million from monthly targets, while regular budget spending was 3.727 billion euros, up 63 million from targets. Public Investment programme spending was 509 million euros, up 254 million from targets.