Greece: January – October 2018 State Budget Execution & General Government Budget Arrears
According to the final State Budget Execution data for January – October 2018, the overall fiscal balance registered a surplus of Euros 1.6 bn, against a targeted deficit of Euros 0.1bn in the 2019 Budget (B19) and a surplus of Euros 1,4 bn in the respective period of 2017. The State Budget Primary Balance recorded a surplus of Euros 6,4 bn, against a targeted B19 primary surplus of Euros 4,8 bn. The primary balance over-performance was mainly driven by: a) slightly higher than projected revenue before tax refunds, and b) lower than targeted ordinary and Public Investment Budget (PIB) expenditure.
Readers can log herebelow and read the full report: GR FOCUS NOTE_DEC 12 2018 BUDGET EXECUTION FINAL