State budget records primary surplus of 382 million euros in Jan-June

Greek state budget recorded a primary surplus of 382 million euros in the January-June period, from a budget target for a primary deficit of 1.573 billion euros and a shortfall of 46 million euros in the same period last year, the Finance Ministry said in a report on Monday.

The Finance Ministry, in a report on provisional budget execution, said that general government recorded a deficit of 2.686 billion euros in the six-month period, from a budget target for a deficit of 4.819 billion euros and a shortfall of 2.440 billion euros in the same period in2 018.

State budget net revenue was 23.451 billion euros, up 9.0 pct from budget targets, reflecting revenue of 1.119 billion euros from the extension of a concession contract for the Athens International Airport (initially planned to be collected in 2018), revenue of 644 million euros from ANFAs in May. Regular budget revenue was 25.480 billion euros, up 9.1 pct from targets. Tax returns amounted to 2.029 billion euros, up 174 million from targets, while Public Investment Programme revenue was 1.054 billion euros, down 222 million from targets.

State budget spending totaled 26.137 billion euros, down 191 million from targets, while regular budget spending was up 1.804 bllion euros compared with the same period last year. Public Investment Programme spending was 1.473 billion euros, down 147 million from targets.

In June, net revenue was 3.265 billion euros, down 604 million from monthly targets, while regular budget revenue was 3.547 billion euros, down 587 million from monthly targets. Public Investment Programme revenue was 57 million euros, down 289 million from targets. Tax returns totaled 282 million euros, up 17 million from monthly targets.

State budget spending amounted to 4.192 billion euros in June, down 446 million euros from targets.