Greece’s State Budget Surplus Exceeds Target in January 2025
Greece’s state budget recorded a primary surplus of €1.98 billion in January 2025, surpassing the target of €1.4 billion, according to data released by the Economy and Finance Ministry, CE Report quotes Athens-Macedonian
Tax revenues exceeded expectations by €314 million (5.6%), with VAT contributing nearly half of the overperformance. The overall state budget balance showed a surplus of €758 million, significantly above the projected €200 million. However, it was lower than the €1.09 billion surplus recorded in January 2024.
The ministry clarified that timing differences in grants (€418 million) and Public Investment Budget payments (€202 million) did not impact the overall fiscal outcome. It also noted that the reported figures reflect the primary balance of the Central Administration, excluding local government and public utilities.
