Greek Budget Revenue Surpassed Targets in 2015

Greek BudgetThe Greek government surpassed a medium-term program target for a primary deficit of 0.25% in 2015 and was very close to recording a primary surplus for the year, after revenue surpassed targets by approximately 2 billion euros in the last few months of 2015, Athens-Macedonian News Agency sources said on Friday.

Based on available revenue data (direct and indirect taxes), the revised budget estimates for 2015 envisaged cash revenue surpassing initial targets by 1.956 billion euros. The sources said that this revenue might be lowered after a revised estimate but is still surpassing the government’s targets. These data will offer additional support to the government ahead of negotiations with its creditors on completing a first assessment of the economic adjustment program.

(source: ana-mpa)