ENGLISH SECTION
18/08/2025 | 17:27
State budget records surplus of 2.1 billion euros in Jan-July
A surplus of 2.188 billion euros in the state budget balance was recorded in the period January – July 2025, compared to the target for a deficit of 1.961 billion euros that has been incorporated for the same period of 2025 in the 2025 Budget introductory report and a deficit of 139 million euros in the corresponding period of 2024, according to the preliminary state budget execution data, on a modified cash basis, announced by the Ministry of Finance on Monday.
The primary result on a modified cash basis was a surplus of 7.959 billion euros, against a target of a primary surplus of 3.599 billion euros and a primary surplus of 5.665 billion euros for the same period in 2024.
It is noted that an amount of 2.208 billion euros which refers to the time differentiation of ordinary budget transfers and an amount of 605 million euros which refers to the time differentiation of military procurement, do not affect the General Government outcome in fiscal terms. In addition, an amount of 342 million euros in tax revenues from the first two months is fiscally accounted for in the year 2024. Excluding the aforementioned amounts, the surplus in the primary result on a modified cash basis, compared to the budget targets, is estimated at 1.203 billion euros.
It is noted that the Primary Balance in fiscal terms differs in comparison to the result in cash terms. Additionally, the aforementioned concerns the Primary Balance of the Central Administration and not of the whole of the General Government, which also includes the fiscal results of legal entities and the sub-sectors of LGs and SSFs.
Source: ANA – MPA
