Greek Jan-July primary budget surplus EUR 3.053bln vs 2.098bln target

Author: Mike Paterson | Category: News

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.

         

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