Greek state exceeds primary Greek state exceeds primary budget surplus target for Q1 on the back of lower spendingsurplus target for Q1 on the back of lower spending
Provision data regarding the execution of the Greek state budget over the first quarter of the year revealed a primary budget surplus of 2.32 billion euros, far exceeding a target of 1.096 billion euros listed in the state budget for 2018.
The same figure for the first quarter of 2017 was 1.07 billion euros.
Net revenues in the state budget in Q1 reached 12.112 billion euros, up by 889 million euros (7.9 percent) from the target.
Net revenues in the regular budget reached 11.052 billion euros, up by 361 million euros, or 3.4 percent above the target.
The public investment program expenditures reached 1.060 billion euros in Q1 2018, up by 529 million over the target.
Spending for the same quarter reached 11.704 billion euros, down by 335 million euros from the prescribed goal of 12.039 billion euros.
For March 2018 alone, net revenues in the state budget reached 3.138 billion euros, down by 244 million euros from the monthly target.
You may be interested
Kavala: The port city with the numerous facesPanos - Dec 10, 2018
Kavala, the capital and main port of the Kavala prefecture is amphitheatrically built on the slopes of Mt. Symvolo forming…
Majestic natural pools you have to visit once!Panos - Dec 10, 2018
Natural pools are always the best way to cool down in the heat. Surrounded by some of the most beautiful…
Last Greeks of Alexandria struggle to keep their community alivePanos - Dec 10, 2018
During the building of modern Egypt, Alexandria was a melting pot. People from the Levant and Europe came together there…