The State Budget Primary Balance on a modified cash basis amounted to a surplus of 2.802 billion euros in January-February 2025, against a primary surplus target of 2.029 billion euros and a primary surplus of 3.378 billion euros during the same period in 2024, according to figures released by the economy and finance ministry on Wednesday.  Tax revenues in the same period were increased by 506 million euros or 4.4% higher than the targeted amount.
According to the data available for the execution of the State Budget on a modified cash basis, the State Budget balance for the period of January - February of 2025 presented a surplus of 709 million euros, versus the target of a deficit of 51 million euros that has been incorporated for the same period of 2025 in the 2025 Budget introductory report and a surplus of 1.437 billion euros for the same period of 2024.
It is noted that an amount of 468 million euros which refers to the time differentiation of payments from ordinary budget and an amount of 473 million euros which refers to the time differentiation of PIB payments, do not affect the General Government outcome in fiscal terms.
The announcement pointed out that the Primary Balance in fiscal terms differs in comparison with the result in cash terms. Additionally, the aforementioned concerns the Primary Balance of the Central Administration and not of the whole of the General Government, which also includes the fiscal results of legal entities and the sub-sectors of Local Governments and Social Security Funds.
For January - February 2025, State Budget net revenues amounted to 11.743 billion euros, showing an increase of 170 million Euros or 1.47% relative to the target of the corresponding period, which is included in the 2025 Budget introductory report. This amount includes the amount of 784.8 million euros, both in revenues (under the category of “ Sales of goods and services”) and in Tax Refunds (VAT), from transactions required to be made in January 2025, for the completion of the new concession agreement for the Attica Motorway, which concern the year 2024 and are fiscally neutral.
State Budget total revenues amounted to 13.602 billion euros and include the aforementioned amount from the new Concession Agreement for the Attica Motorway. Excluding this amount, the total revenues amounted to 12.817 billion euros, almost equal to the target.
State Budget expenditures for the period of January - February of 2025 amounted to 11.034 billion euros, 590 million euros lower than the target (11.625 billion euros), which is included in the 2025 Budget introductory report. Τhey were also decreased in comparison to the respective period of 2024, by 176 million euros.
In the Ordinary Budget the payments are shown decreased, compared to the target, by 246 million euros. Excluding the difference in non-allocated expenditure of 343 million euros, which do not correspond to payments but to reallocations of appropriations to other categories, from which payments are realised, the difference in payments against the target amounts to 97 million Euros.
Investment expenditure amounted to 1.339 billion euros and it is 344 million euros lower than the target, which has been included in the introductory report of the 2025 Budget. At the same time, it is decreased compared to the corresponding payments of 2024, by 716 million euros.