Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016

EconomyMacroeconomy Tags: Budget, MoF, Revenues, Taxes
Photo by Panyiotis Tzamaros/Fosphotos
Photo by Panyiotis Tzamaros/Fosphotos

Greece’s budget primary surplus stood at 4.39 billion in 2016, almost double the 2015 figure of 2.27 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Tuesday.

The headline figure beat the full-year target by 2.41 billion largely due to revenue outperformance (by 1.82 billion) also supported by lower Public Investment Budget (PIB) deficit (by 258 million) and underspend (by 246 million).

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