The surplus of the national budget of Greece in the first quarter of 2026 was more than double the initial target, according to figures released by the Ministry of National Economy and Finance. The primary surplus was €5.175 billion, compared with a projection of €2.298 billion. It was €5.148 billion in the comparable period of 2025.
The headline result was inflated by a number of one-off and time-shifted entries such as advance payments for weaponry and investment initiatives, transfers to general government entities and income from the Recovery Fund and the Public Investment Programme, the ministry stated.
On the revenue side, the result was driven by the early arrival of the seventh Recovery Fund tranche of €884m originally slated for June, as well as €461m in additional revenues from the European Investment Fund.
The January numbers included transactions linked to the 35-year concession contract for the Egnatia Highway freeway. Net state budget income for January to April amounted to €25.165 billion, €2.1 billion above forecast. Tax receipts were €22.743 billion, but excluding one-off inputs from the Egnatia Highway concession and the Elliniko casino, they were at €22.302 billion, €39 million below estimates.
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