Greece: January – October 2018 State Budget Execution & General Government Budget Arrears

Banking, Finance, Reports — By on December 12, 2018 at 4:49 PM

Greece Macro Monitor – Focus Notes (Wednesday, December 12, 2018)

Greece: January – October 2018 State Budget Execution & General Government Budget Arrears

According to the final State Budget Execution data for January  – October 2018, the overall fiscal balance registered a surplus of Euros 1.6 bn, against a targeted deficit of Euros 0.1bn in the 2019 Budget (B19) and a surplus of Euros 1,4 bn in the respective period of 2017. The State Budget Primary Balance recorded a surplus of Euros 6,4 bn, against a targeted  B19 primary surplus of Euros 4,8 bn. The primary balance over-performance was mainly driven by: a) slightly higher than projected revenue before tax refunds, and b) lower than targeted ordinary and Public Investment Budget (PIB) expenditure.

Readers can log herebelow and read the full report: GR FOCUS NOTE_DEC 12 2018 BUDGET EXECUTION FINAL

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