Budget primary surplus surges to 3.04 billion, extending outperformance

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

Greece’s budget primary surplus soared to 3.04 billion in the 2-month period of 2016 from 1.24 billion last year, the Finance Ministry (MoF) preliminary budget bulletin showed on Friday.

The notable year on year (YoY) improvement largely reflects surging Public Investment Budget (PIB) revenues up by more than 1 billion coupled with an increase in net revenues by 800 million.

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