Finance Ministry announces €2.3bn primary surplus in Jan-May 2016

27 June 2016
99 Views

The Ministry of Finance has announced that a 2.282 billion euro primary surplus has been achieved in the five-month period between January and May 2016.

In greater detail, the ministry’s figures show an 814-million-euro deficit in the state budget during the five month period, which is down from the 1.399-billion-euro deficit last year and the budget target for 2016, which was a 3.88 billion euro deficit.

Meanwhile the primary surplus amounted to 2.282 billion euros, compared to a 1.506 billion euro surplus last year and with the target being an 820-million-euro primary deficit.

The state budget’s net revenue amounted to 19.208 billion euros, which was 328 million euros (1.7%) above the target. Similarly, the ordinary budget’s net revenue amounted to 17.263 billion euros, increased by 773 million euros (4.7%) of the target for 2016.

You may be interested

Metsovo: Lakes, Ski Resorts and Bears
GREECE
shares21 views
GREECE
shares21 views

Metsovo: Lakes, Ski Resorts and Bears

Panos - Nov 22, 2017

Metsovo is a renowned mountainside town straddling the Pindus mountain range where Epirus converges with western Macedonia and Thessaly. Standing…

Tourists in Greece exceed 23.5 million over first nine months
GREECE
shares36 views
GREECE
shares36 views

Tourists in Greece exceed 23.5 million over first nine months

Panos - Nov 22, 2017

According to the Bank of Greece (BoG), there was a 10.3% increase in the tourism revenue for the first nine…

Mitsotakis Interview: Over-taxation in Greece is Surreal
FINANCE
shares43 views
FINANCE
shares43 views

Mitsotakis Interview: Over-taxation in Greece is Surreal

Panos - Nov 22, 2017

Main opposition leader Kyriakos Mitsotakis is in Strasbourg, where he had meetings with leaders of the European People’s Party (EPP),…

Leave a Comment

Your email address will not be published.