State budget primary surplus at 2.3 bln in Jan-Jul

The central government budget had a 2.3 billion euro primary surplus in the

first seven months of the year, topping a target of 800 million euros, the finance ministry said on Wednesday.

The central government surplus excludes the budgets of social security organisations and local administrations and is different from the figure monitored by EU/IMF lenders, but gives an indication of the country’s progress in bringing its finances back on track.

The state budget deficit came in at 1.93 billion euros against a target of 3.36 billion.

[Kathimerini & Reuters]