The Greek state's primary budget surplus for January 2019 reached 729 million euros (on a modified cash basis), significantly exceeding a target of 103 million euros. The same figure for January 2018 was a whopping 1.729 billion euros, accumulated through an "avalanche" of direct and indirect tax hikes and reduced state spending.
The Greek state's primary budget surplus for January 2019 reached 729 million euros (on a modified cash basis), significantly exceeding a target of 103 million euros. The same figure for January 2018 was a whopping 1.729 billion euros, accumulated through an "avalanche" of direct and indirect tax hikes and reduced state spending.
According to a finance ministry press release, the state budget balance for January 2019 presented a deficit of 442 million euros, down from a deficit target of 1.183 billion euros.
Net revenues in the state budget reached 4.107 billion euros, down by 0.6 percent (26 million euros) from the target.