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Greek Primary Surplus Exceeds Expectations

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The Greek Finance Ministry announced today that the nation's primary budget surplus held 707 million euros in the first six months of 2014, that amounts to approximately 70 million euros more than its set goal, according to reports.

In 2013's same timeframe, Greece held a 1.51 billion euro primary deficit, as reported by Kathimerini.  Greece's state budget generated a 2.41 billion euro deficit in the first half of 2014, compared to 4.99 billion euros in the first half of 2013.

The country's state budget revenues amounted to 23.615 billion euros in the first six months of the year, while regular budget net revenues generated 20.64 billion euros. State budget spending was 26.03 billion euros and regular budget spending held 23.67 billion euros.