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Global Economic & Market Outlook – Focus Notes (Wednesday , July 5 2017)
Greece: January – May 2017 State Budget Execution & May 2017 General Government Arrears
- According to the final State Budget Execution data for January – May 2017, the budget balance
recorded a deficit of ca €1.24 bn, ca €0.0.79 bn narrower relatively to the respective 2017 Budget
(B17) target (deficit €2.03 bn). The primary balance recorded a surplus of ca €1.84 bn,
outperforming the B17 target (primary surplus €1.05 bn). Both direct and indirect taxes over
performed their B17 targets by €0.04 bn and €0.35 bn respectively. However, ordinary expenditure
were at €19.17 bn undershooting the respective B17 target by €0.79 bn.
- In more detail, ordinary budget net revenue for January – May 2017 (Fig.1) amounted to ca €17.27
bn, almost in line with the respective B17 target and €0.64 bn (or 3.7%) higher than the
corresponding 2016 figure.
Viewers can log hereblow and read the full report: GLOBAL FOCUS NOTE_GR BUDGET EXECUTION 05072017
