Greece Achieves €3.64 Billion Primary Surplus by End-May 2026
Greece's state budget reported a primary surplus of €3.64 billion for January-May 2026, surpassing the target by €2.4 billion. This performance is a significant increase compared to the same period last year and highlights effective revenue collection strategies.
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For January-May 2026, Greece's primary balance reached a surplus of €3.638 billion, exceeding the target of €1.243 billion. The state budget net revenues totaled €30.203 billion, exceeding expectations by €2.516 billion, largely due to early collections from the Recovery and Resilience Facility (RRF) and increased Public Investments Program (PIP) revenues.
In May alone, net revenue was €5.03 billion, surpassing the monthly target by €406 million. Notably, tax revenue was €5.45 billion, which is €375 million higher than planned. The surplus is impacted by various adjustments totaling €234 million, including time differentiation of defense payments and investment payments. This financial performance indicates potential for improved fiscal stability moving forward.
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