Greece's Ministry of National Economy and Finance reports EUR 2.16bn state budget surplus and EUR 8.70bn primary surplus for January–August 2025

Greece's Ministry of National Economy and Finance published preliminary state budget execution data on a modified cash basis for January–August 2025, showing a state budget balance surplus of EUR 2,160 million versus a budget target for a EUR 1,381 million deficit. The primary result on a modified cash basis was a surplus of EUR 8,696 million, exceeding the target of EUR 4,929 million; the ministry noted these figures relate to central administration and that cash and fiscal outcomes differ. Net state budget revenues reached EUR 48,459 million, marginally above target, with tax revenues before refunds of EUR 46,596 million outperforming target by EUR 2,119 million. Refunds totalled EUR 6,181 million, including a EUR 784.8 million VAT refund linked to transactions for the Attiki Odos concession that are fiscally attributed to 2024; excluding this, refunds were EUR 5,396 million, EUR 685 million above target. Expenditure for the period totalled EUR 46,299 million, EUR 3,356 million below target, largely reflecting timing effects including EUR 1,895 million in delayed transfer payments and EUR 682 million in delayed armaments-related cash payments, which the ministry said do not affect the general government result in fiscal terms; after specified timing adjustments (including EUR 342 million of tax revenues fiscally counted in 2024), the primary surplus overperformance versus budget targets was estimated at EUR 848 million. The release noted that the budget target had assumed receipt in June of a EUR 1,350 million payment from the Egnatia Odos concession, with the remaining procedural steps to payment expected to be completed in the coming months. A final bulletin will provide the exact allocation across revenue categories.