Greek primary surplus close to € 5 billion

Greek primary surplus close to € 5 billion

The primary surplus figure stood at 4.96 billion euros in 2019, against the 4.4-billion target and the € 91-million primary surplus for the same period in 2018, according to provisional budget execution data, in an amended cash base for the January-December 2019 period.

As the Ministry of Finance notes in its statement, net state budget revenues amounted to 55,019 million euros, down by 7 million euros against the target set for 2019 in the 2020 budget report.

Total revenues of the state budget amounted to 60,065 million, up by 7 million against the target.

The precise distribution between the revenue categories of the state budget will be made by the issue of the definitive bulletin.

Revenues totaled 5,046 million euro, up by 14 million from the target (5,032 million).

Public Investment Budget (PIB) revenues amounted to 2,772 million, down by 777 euro million against the target.

In particular, in December 2019 total net revenues of the state budget amounted to 6,590 million, reduced by 387 million euro compared to the monthly target.

It is noted that the December 2019 transfer incomes include an amount of 644 million from ANFAs, which was not foreseen for 2019 in the 2020 budgetary report.

Total revenues of the state budget amounted to 7,365 million euro, lower than the monthly target of 339 million.

PIB revenues reached 847 million euro, 999 million less compared to the monthly target.

The December 2019 refunds amounted to 775 million, up by 48 million against the monthly target (728 million).

State budget expenditure for the January – December 2019 period amounted to 55,244 million and decreased by 620 million compared to the target (55,865 million euro). The main reason for the negative divergence is the PIB underpayment by 508 million euro. /ibna