Greek budget showed primary surplus of 5.8 bln euros in Jan-Oct

Greek state budget recorded a primary surplus of 5.8 billion euros, on a cash basis, in the January-October period this year, after a primary deficit of 859 million euros in the same period in 2022, the Bank of Greece said on Friday.

The central bank said the cash result of the central administration recorded a surplus of 93 million euros after a deficit of 6.399 billion in the same period last year.

This development reflects mainly the rising revenue of the regular budget, totalling 50.714 billion euros this year from 44.948 billion in 2022, while regular budget spending amounted to 47.811 billion euros from 48.965 billion in 2022.