Primary surplus narrows to 2.4 bln in October as revenues miss target

Economy

Greece’s budget execution showed the primary surplus narrowing to 2.41 billion euros in the 10-month period from 2.53 billion in the 9-month, according to the preliminary data released by the Ministry of Finance (MoF).

Compared to the targets, the year to date figure shows a shortfall of 44 million euros compared to an outperformance of 981 million by September. The worsening month on month fiscal performance is primarily related to a revenue shortfall of 875 million ...

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