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22ndannualcapital

Greece Announces 1.6 Billion Euro Primary Budget Surplus

In the first quarter of this year, Greece's central government announced a primary budget surplus, totalling 1.6 billion euros before interest payments.

Deputy Finance Minister Christos Staikouras stated that compared to the same timeframe last year, the amount enlarged over three times. The statistic also substantially surpassed a provisional 878 million euro excess target, between January to March. However, these amounts do not include social security and local administration sector budgets.