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

EconomyMacroeconomy 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.

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