Greek Budget Shows Primary Surplus of 4.647 Billion Euros in November

The Greek state budget primary surplus amounted to 4.647 billion euros, in the January-November period this year, from a budget target for a surplus of 3.074 billion euros.

However; this is down from a primary surplus of 5.757 billion euros in the corresponding period of 2016.

More specifically, based on state budget execution data, on an amended cash basis, the state budget showed a deficit of 774 million euros in the 11-month period, from a surplus of 353 million in the same period last year, and a budget target for a deficit of 2.347 billion.

Net budget revenue totaled 45.130 billion euros in the January-November period, down 0.3 pct from targets, while regular budget net revenue amounted to 43.748 billion euros, up 1.2 pct from targets.

(Source: AMNA)