Primary Budget Surplus at 12 bln€ Over Jan-Nov 2024 Period

The government on Friday announced a primary budget surplus of 12.011 billion euros in the Jan-Nov period of the year, compared to a target 9.912 billion euros and a primary surplus of 5.826 billion euros for the same period in 2023.

A portion of the surplus is 206 million euros emanating from a windfalls tax on power producers, imposed last October.

A deferral of defense contract payments, 432 and 788 million euros, respectively, was also cited.

Specifically, over the January-November 2024 period, the amount of net state budget revenues reached 66.721 billion euros, up by 303 million euros – or 0.46% – compared to the target included for the corresponding period in the 2025 budget.

Total state budget revenues reached 73.297 billion euros, up by 179 million euros – or 0.2% – compared to the target.