Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln

Monthly rise of 3 pct for producer price index in Aug prompts cost concerns 29/09/2023 - 15:50
Retail sales grow by 3.1 pct in Jul, as food sales continue to contract 29/09/2023 - 15:39
Consumer confidence takes 10-point dive in September 28/09/2023 - 15:03
Building activity continues to grow, rising by 13 pct YoY in Jun 28/09/2023 - 14:54
Mixed picture for deposits continues in Aug with rise of just 190 mln 27/09/2023 - 13:39
Credit net flows remain negative in Aug, growth at just 0.9 pct YoY 27/09/2023 - 13:29

Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln

EconomyMacroeconomy 25/06/2015 - 14:00 Tags: Budget, MoF, Revenues, Taxes

Greece’s budget execution figures confirmed the 5-month primary surplus was at 1.51 million - more than double compared to last year’s 707 million, according to the Finance Ministry (MoF) final budget bulletin released on Thursday.

Revenues (before tax refunds) fell significantly by 23.6 percent in May to 2.92 billion, its lowest reading so far this year. Following an outperformance of more than 450 million in the preceding two months. revenues fell short target 1.05 billion in May.

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€500.00

Free Mobile Apps

Update to the latest version of the MacroPolis Apps. Access all of our daily analysis, as well as our weekly e-newsletters, at your fingertips.

Tweets by @MacroPolis_gr

You have to in order to view this content.

Most Popular

Kasselakis completes stunning victory, taking SYRIZA into uncharted territory 25/09/2023 - 10:37
Kasselakis names core backers for key party posts amid questions over party unity 26/09/2023 - 14:30
Government faces new storm test as Kasselakis sweeps through SYRIZA 27/09/2023 - 11:55
Government paves way for major U-turn on migration as opposition warns of interference in regulators 28/09/2023 - 14:48
Mitsotakis-Erdogan talks rubber stamp roadmap, allowing next steps 25/09/2023 - 09:10

Outsider Kasselakis on track to lead SYRIZA after securing key backers 19/09/2023 - 14:02
Storm fallout sweeps PM to crucial juncture early in second term 11/09/2023 - 11:47
Storm impact and ferry death engulf political agenda 06/09/2023 - 12:09
Kasselakis completes stunning victory, taking SYRIZA into uncharted territory 25/09/2023 - 10:37

Mitsotakis eyes majority in second vote as SYRIZA reels from crushing defeat 22/05/2023 - 10:54
PM forced to adjust line over deadly train crash amid public anger 06/03/2023 - 09:45
Mitsotakis sets May 21 election date, eyes opposition MPs as potential allies 28/03/2023 - 12:02
Politicians have commissioned, and largely ignored, multiple reports on wildfires 09/08/2021 - 13:13
Tsipras pitches SYRIZA election manifesto as basis for progressive coalition 04/05/2023 - 13:28

Budget overperformance in Aug fuelled by VAT and income tax, spending significantly contained 26/09/2023 - 10:03
Mixed picture for deposits continues in Aug with rise of just 190 mln 27/09/2023 - 13:39
Credit net flows remain negative in Aug, growth at just 0.9 pct YoY 27/09/2023 - 13:29
Building activity grows by 15.8 pct in May, up 11.5 pct in first five months 28/08/2023 - 12:30
GDP grows by 1.3 pct QoQ in Q2, in line with growth estimates of 2+ pct for year 06/09/2023 - 13:06

GDP grows by 1.3 pct QoQ in Q2, in line with growth estimates of 2+ pct for year 06/09/2023 - 13:06
Budget overperformance in Aug fuelled by VAT and income tax, spending significantly contained 26/09/2023 - 10:03
Loans managed by servicers broadly stable in Q2 at 71.16 bln 19/09/2023 - 11:50
Aug PMI marks seventh month of improved manufacturing conditions, cost pressures resume 01/09/2023 - 11:58

Despite downward revision, IMF sees Greece growing by 1.8 pct in 2023 12/10/2022 - 11:12
BoG sees 2.3 pct growth this year, urges reforms to restore per capita GDP to pre-crisis levels 03/07/2023 - 09:35
IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027 13/10/2022 - 14:03
Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023 22/11/2022 - 09:43
OECD sees recovery slowing, urges fiscal discipline 11/01/2023 - 12:46