Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues

EconomyMacroeconomy Tags: Budget, MoF, Revenues, Taxes

Greece’s budget primary surplus for the first two months of 2016 was confirmed at 3.04 billion euros from 1.24 billion last year, according to Wednesday’s Finance Ministry (MoF) final budget bulletin displayed.

The marked fiscal improvement is largely attributed to soaring Public Investment Budget (PIB) revenues, which grew by more than 1 billion euros from last year, coupled with an increase in net revenues by more than 800 million.

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