State budget primary surplus widens to 2.28 bln at end of July after rise in revenues

EconomyMacroeconomy Tags: Budget, MoF, Revenues, Taxes

Greece’s budget execution showed the primary surplus widening to 2.28 billion in the 7-month period from 707 million posted in the first half of the year, according to the preliminary data released by the Ministry of Finance (MoF) on Wednesday.

The significantly improved fiscal performance in July mainly reflects increased revenues of 6.05 billion euros compared to 3.63 billion in June. In addition, July revenues are by far the highest monthly figure in 2014, well above the previous high of 4....

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