Greek budget deficit up in Jan-Sept
A report on provisional state budget execution figures – on an amended cash basis - showed that the primary result was a surplus of 3.079 billion euros in the nine-month period, from a primary surplus of 2.532 billion euros last year and a budget target for a surplus of 3.644 billion.
Net budget revenue totaled 34.296 billion euros, down 12.5 pct from targets, while regular budget net revenue totaled 32.227 billion euros, down 12.5 pct from targets in the January-September period. This reflected a shortfall in revenue from the transfer of yields from Greek state bond holdings by the central banks in the Eurosystem.
Tax returns totaled 2.022 billion euros, down 399 million from targets, while Public Investment Program revenues fell short by 311 million euros from targets to 2.069 billion euros.
State budget spending totaled 36.193 billion euros in the nine-month period, down 4.381 billion from targets, while regular budget spending totaled 34.023 billion euros, down 3.142 billion from targets reflecting a decline in primary spending on defense supplies. Regular budget spending fell 5.3 pct compared with the same period in 2014. Public Investment Programme spending totaled 2.170 billion euros, down 1.24 billion from targets and down 1.477 billion compared with the same period last year.
