BoG: Primary budget surplus reduced in Jan-Apr 2019 compared to same period in 2018

Friday, 17 May 2019 23:54
REUTERS/Costas Baltas
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The primary budget surplus over the Jan-Apr 2019 is slightly down compared to the same period of 2018, 1.156 billion euros, compared to 1.586 billion euros in the first four months of 2018.

According to Bank of Greece (BoG) figures, the reduction in the surplus is due to increased spending over the same period, 16.565 billion euros, compared to 15.380 billion euros in the Jan-Apr 2018. State revenues of the regular budget increased to 14.626 billion euros, up from 14.530 billion euros.

In January-April 2019, the central government cash balance recorded a deficit of €1,158 million, compared to a deficit of €599 million in the same period of 2018. During this period, ordinary budget revenue amounted to €14,626 million, compared to €14,530 million in the corresponding period of last year. Ordinary budget expenditure amounted to €16,565 million, from €15,380 million in January-April 2018.

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