Greece's Ministry of National Economy and Finance reports EUR 3.037bn state budget surplus and EUR 10.248bn primary surplus for January–October 2025

Greece's Ministry of National Economy and Finance published the October 2025 monthly bulletin on state budget execution, showing a modified cash-basis surplus of EUR 3.037bn in the state budget balance for January–October 2025 versus an updated target surplus of EUR 2.649bn, and a primary surplus of EUR 10.248bn versus a target of EUR 9.881bn. Both balances were lower than in January–October 2024 (EUR 6.116bn overall surplus and EUR 13.528bn primary surplus). The ministry noted that the primary result on fiscal terms differs from the cash measure and that the figures relate to central administration rather than general government; excluding a EUR 321m underspend in regular-budget expenditures largely linked to payment timing, the primary result is assessed as close to budget targets. Net revenues for January–October totalled EUR 60.921bn, EUR 67m above target, with taxes at EUR 59.206bn (including VAT of EUR 23.299bn, EUR 31m above target; excise duties of EUR 6.181bn, EUR 9m below; and income taxes of EUR 21.994bn broadly in line). Transfers amounted to EUR 4.759bn, EUR 67m below target, while revenue refunds were EUR 7.318bn in line with target; Public Investment Budget (PDE) revenues were EUR 2.930bn on target. Expenditures were EUR 57.884bn, EUR 321m below target, and investment spending payments were EUR 9.338bn in line with the updated target; notable transfers included EUR 1.128bn to hospitals and primary health care, EUR 400m for electricity public service obligations, EUR 470m to the National Central Procurement Authority for Health, EUR 308m to transport entities (OASA, OASTH and OSE), and EUR 154m to higher education institutions.