The execution of the State Budget during the period January-June 2026 shows a significant out-performance against the target for the primary balance, with a primary surplus of 4.48 billion euros recorded, exceeding the budget target for the first half of the year by 2.527 billion euros.
The budget had projected a primary surplus of 1.953 billion euros for the period. However, after excluding items related to payment timing differences and special fiscal entries, the over-performance relative to the target amounts to 159 million euros.
According to the provisional State Budget execution data announced by the Ministry of National Economy and Finance for the period January-June 2026, the State Budget balance recorded a deficit of 941 million euros, compared with the target deficit of 3.136 billion euros included in the explanatory report accompanying the 2026 Budget for the corresponding period, and a deficit of 564 million euros recorded during the same period in 2025.
The primary result on a modified cash basis amounted to a surplus of 4.48 billion euros, compared with a target primary surplus of 1.953 billion euros and a primary surplus of 4.519 billion euros for the same period in 2025.
