Greece: January – March 2018 State Budget Execution, General Government Budget Arrears & 2017 Primary Balance
- According to the final State Budget Execution data for January – March 2018, the overall fiscal balance registered a surplus of €0.45 bn, versus a 2018 Budget (B18) targeted deficit of €0.82 bn for the respective period. The State Budget Primary Balance recorded a surplus of €2.37 bn compared to a B18 targeted surplus of €1.10 bn.
- Ordinary net revenue for January – March 2018 amounted to ca €11.10 bn, higher by ca €0.41bn (3.8%) compared with the respective B18 target and by ca €0.33 bn (3.1%) on an annual basis as a result of the higher than targeted a) total non-tax revenue by ca €0.49 bn (37.3%) as a result of the Bank of Greece dividend and b) tax revenue.
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