The primary surplus, on a modified cash basis, stood at 5.148 billion euros in January-April 2025 against a target for a primary surplus of 1.973 billion euros and a primary surplus of 3.282 billion euros for the same period in 2024. At the same time, tax revenues appear to have increased by 1.361 billion euros or 6.6% compared to the target, mainly due to the better performance in the collection of taxes this year (VAT, corporate income tax, etc.).
Αccording to the state budget execution data, on a modified cash basis, a surplus of 1,850 million euros was recorded in January-April 2025, against a target for a deficit of 1,357 million euros, which has been included in the 2025 Budget presentation report, as well as a deficit of 250 million euros in the corresponding period of 2024.
The primary result on a modified cash basis was a surplus of 5.148 billion euros, compared to a target for a primary surplus of 1.973 billion euros and a primary surplus of 3.282 billion euros for the same period in 2024.
Just a comment that Primary Surplus is political speak for OVER-TAXATION: that is, it is money collected through taxes that is not being used to finance anything.