Greece boasts of in­creased sur­plus

Weekend Argus (Saturday Edition) - - LIFE -

ATHENS: Greece’s cen­tral govern­ment regis­tered a bud­get pri­mary sur­plus of € 4.51 bil­lion for the Jan­uary-Oc­to­ber pe­riod of 2015, the fi­nance min­istry said yes­ter­day, from a pri­mary sur­plus of € 2.65bn in the same pe­riod a year ago.

Net rev­enue on the state bud­get was 5.1 per­cent down, or € 2.12bn lower, against the re­vised tar­get, the fi­nance min­istry said.

The cen­tral govern­ment sur­plus ex­cludes the bud­gets of so­cial se­cu­rity or­gan­i­sa­tions and lo­cal ad­min­is­tra­tions and is dif­fer­ent from the fig­ure mon­i­tored by Greece’s EU/IMF lenders, but it in­di­cates the state of the cash-strapped coun­try’s fi­nances.

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