Budget primary surplus reaches 3.6 bln in 7-month, monthly revenues miss target in July

EconomyMacroeconomy Tags: Budget, MoF, Revenues, Taxes

Greece’s budget primary surplus fell by 4.4 percent to 3.55 billion in the 7-month period of 2016 from 3.71 billion last year, the Finance Ministry (MoF) final budget execution bulletin displayed on Friday. Preliminary figures were released on August 16.

The headline figure beat target by 2.68 billion mainly reflecting strong underspend as primary expenditure came in 2 billion lower than target coupled with higher revenues (709 million above target).

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