Greece on way to 2013 primary surplus as budget outperformed targets by 3.85bn euros to August

Economy

The budget execution to August showed revenues outperforming monthly targets by 400 million euros for the second consecutive month in August with the year to date shortfall further narrowing to 1.05 billion from its peak of 1.61 billion at the end of June, according to the final data released by the Ministry of Finance (MoF) on Monday.

It is also significant that Greece exhibited a primary surplus for the second month in a row at 306 million euros in August from 2.57 billion in July, with the latter being significantly boosted by cumulative Public Investment Budget (PIB) revenues of 2...

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