Greece’s Primary Surplus Well Above Target, Data Shows



During the period between January and August 2018, the General Government of Greece achieved a primary budget surplus of €3.14 billion ($3.67 billion), thanks to higher-than-expected revenues and lower spending.

The Government’s budget was expected to have a primary deficit of €917 million ($1.069 billion) for the first 8 months of 2018, so it outperformed the target by €2.2 billion ($2.56 billion).

This number indicates the country’s finances and according to the Finance Ministry’s data and is well above what the Government was expecting.

Greece projects a Primary Budget Surplus of 3.8 percent for 2018, 0.3 percent higher than the country’s obligation according to the bailout program.