Bank of Greece: Surplus in the Greek Budget from January – August 2015

The Greek state budget showed a primary surplus of 3.06 billion euros in the January through August period, from 2.3 billion in the same period last year, the Bank of Greece said on Monday.

The central bank, in a report on the country’s budget on a cash basis, said that the state budget deficit shrank to 2.0 billion euros in the eight-month period from 2.5 billion in 2014.

The central government cash budget showed a deficit of 1.7 billion euros in the first eight months of 2015, from a deficit of 2.6 billion euros last year. This development reflected both a decline in regular budget revenues and a decline in spending over the January – August period.