Severe underspend covers lower revenues for end-May primary surplus


Greece’s budget execution showed that the 5-month primary surplus more than doubled to 1.51 billion euros from 707 million in the corresponding period last year, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday.

The overall 5-month budget deficit fell by almost 30 percent to 1.4 billion euros, from 1.99 billion last year, outperforming the target by 2.08 billion.

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