Primary budget surplus in Nov at 1.2bln euros, 2013 target in reach

Economy

Greece’s budget execution to November showed a primary surplus of 1.21 billion euros from a deficit of 1.42 billion last year, according to the preliminary data released by the Ministry of Finance (MoF) on Thursday.

The state budget deficit narrowed 63.3 percent to 4.72 billion from 12.85 billion in the corresponding period last year. However, these figures exclude the SMP and ANFA income of 1.5 billion (not incorporated in Greece’s 2013 fiscal targets), which are ...

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