Greek State Budget Surplus of €2.95bn in Q1
This is up from a target of 2.133 billion euros over the same period last yeat, and compared to a primary surplus of 3.079 billion in the corresponding quarter last year
This is up from a target of 2.133 billion euros over the same period last yeat, and compared to a primary surplus of 3.079 billion in the corresponding quarter last year
The state budget balance presented a surplus of 1.093 billion euros in January
The final contractor for the construction of the Chania-Chersonissos section of the 'North Road Axis of Crete'
€10.6 billion is earmarked in reallocations of funds
Speaking to reporters, during a press conference, Papathanasis said the Public Investment Programme will reach 12.2 billion euros in 2024, up 12% from the previous year, and will be the biggest in the last 24 years.
The budget envisages a growth rate of 3%, a harmonised inflation rate of 2,4%, a 12.1% increase in investments, an unemployment rate of 10.6% and a primary surplus of 2.1% of GDP.
The positive performance can be attributed to robust net revenue, which reached €30.875 billion, surpassing the target by 4.1%. Regular budget revenue also displayed impressive growth, amounting to €34.263 billion, exceeding the target by 5.5%.