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Greece’s primary budget surplus reaches €3.1bn Jan-Aug 2018

The primary budget surplus of the Greek state shows a significant over-performance compared to the terms of reaching the annual goal.

According to provisional finance ministry data released on Friday, the primary surplus reached 3.139 billion euros in the first eight months of 2018.

The goal dictated by creditors was 917 million euros.

The Jan-Aug 2018 performance was only slightly lower than a 3.544-billion-euro primary budget surplus posted during the same period in 2017.

The state’s budget balance posted a deficit of 1.238 billion euros, down from a target of 3.384 billion euros, and a deficit of 1.271 billion euros over the first eight-month period of 2017.

State revenues reached 31.851 billion euros, exceeding the target by 919 million (or 3 percent).

Spending eased to 33.089 million euros, even lower than the 34.316 billion euros budgeted.

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