Greek Jan-July primary budget surplus EUR 3.053bln vs 2.098bln target
Data out from Greece a short while ago 14 Aug
- central govt surplus beats target on lower spending
This surplus excludes social security and local admin budgets and is different to the primary surplus targets aimed at by EU/IMF lenders which comes in at 1.75% of GDP
This was a Greek govt target and excludes debt-servicing costs.
- net tax revenue €26.3bln , 656mln below target
- spending €27.5bln, below the target of 28.6bln
Sounds like they need to step up their tax-dodging initiatives.
Hey guess which pic I'm going to leave you with?!
See you all tomorrow.