Greek budget primary surplus up to 3.53 bln at end of November despite revenue shortfall

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Greek budget primary surplus up to 3.53 bln at end of November despite revenue shortfall

EconomyMacroeconomy 12/12/2014 - 13:51 Tags: Budget, MoF, Revenues, Taxes

Greece’s budget execution showed the primary surplus widening by 879 million euros to 3.53 billion in the 11-month period from 2.65 billion in the 10-month, according to the Finance Ministry (MoF) preliminary budget bulletin.

As a result, the year to date figure exceeded its target by 658 million euros compared to an underperformance of 880 million in the first 10 months of the year. This turnaround is attributed to November’s fiscal performance, combined with the monthly ta...

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