Budget primary surplus of 1.19 bln in Jan markedly better than target

EconomyMacroeconomy Tags: Budget, MoF, Revenues, Taxes
Photo by MacroPolis
Photo by MacroPolis

Greece’s budget primary surplus rose to 1.19 billion euros in January from 443 million last year, the Finance Ministry (MoF) preliminary budget bulletin displayed on Monday.

The marked improvement primarily reflects a sharp increase in the Public Investment Budget (PIB) surplus to 430 million (from just 52 million last year), coupled with a rise in revenues (before tax refunds) and lower primary expenditure.

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