Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln

EconomyMacroeconomy Tags: Budget, MoF, Revenues, Taxes

Greece’s budget primary surplus reached 3.71 billion euros in the 7-month period of 2015 showing an improvement by around 1.83 billion month on month (MoM), according to the final budget bulletin published by the Finance Ministry (MoF) on Wednesday.

After a substantial outperformance of primary expenditure by 961 million in June, the respective figure for July eased to 251 million. The actual figures displayed primary expenditure fell 12.1 percent in July and 9.4 percent in the 7-month to 21.43 bil...

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