Monday, October 16, 2017
Greek January-September government budget surplus slightly below target on lower revenues
October 16, 2017
Greece’s central government attained a primary budget surplus of 4.5 billion euros (£4 billion) in the first nine months of the year, slightly below target due to lower tax revenues, finance ministry data showed on Monday.
The government’s target was for a primary budget surplus - which excludes debt-servicing costs - of 4.556 billion euros for the January-to-September period, meaning the surplus missed the target by 54 million euros.
The central government surplus excludes the budgets of social security organizations and local administration. It is different from the figure monitored by Greece’s EU/IMF lenders but indicates the state of the country’s finances.