Τhe Bank of Greece (BoG), the country’s central bank, on Tuesday reported that the central government cash balance in the January 2025 to July 2025 period recorded a surplus of 1.859 billion euros, compared with a surplus of 338 million euros in the corresponding period of 2024.

Moreover, during this period, ordinary budget revenue totaled 40.827 billion euros, compared to 37.523 billion euros in the corresponding eight-month period of last year. Additionally, ordinary budget expenditure reached 36.645 billion euros, up from 34.256 billion euros in the January-July 2024 period.

The BoG’s report on Monetary Policy 2024-2025, issued last June, underlined that the Greek economy grew by 2.2% in the first quarter of 2025, year-on-year, with growth mainly driven by private and public consumption and exports of goods, while the contribution of exports of services, investment and imports was negative.

“At the same time, employment is increasing, the unemployment rate has fallen to single-digit levels, and labour market tightness is easing. Short-term indicators of economic activity in industry, construction and services, despite fluctuations, remain in positive territory. Business expectations remain high compared to the euro area, in contrast with consumer confidence that seems to be affected by developments in the international environment.”