Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May

EconomyMacroeconomy Tags: Budget, MoF, Revenues, Taxes
Photo via Flickr https://flic.kr/p/nphVW
Photo via Flickr https://flic.kr/p/nphVW

Greece’s budget primary surplus was confirmed at 2.28 billion euros in the 5-month period of 2016, which was significantly higher than last year’s figure of 1.51 billion, according to the Finance Ministry’s (MoF) final budget execution bulletin released on Monday.

In addition, the 5-month state budget deficit dropped by around 42 percent to 814 million euros, from 1.4 billion last year, over-performing target by 3.07 billion.

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