The state budget in Greece posted a primary surplus of 6.08 billion euros in the January-October 2023 period, up from a target  surplus of 5.607 billion and a primary deficit of 350 million euros in the corresponding period last year, according to a finance ministry report, released on Monday, regarding budget execution on an amended cash basis.

Specifically, net revenue totaled 53.925 billion euros, up 49 million from the target, while regular budget revenues were 59.474 billion euros, up 49 million euros from the target. Tax revenue was 50.718 billion euros, up 33 million euros from target, reflecting a two-million-euro increase in VAT remittances to 19.585 billion euros, an eight-million-euros increase in special consumption tax revenues to 5.806 billion euros, a one-million-euro increase in property tax revenues to 2.235 billion euros and a 15-million-euro hike in income tax revenues to 16.934 billion euros.

Social contribution revenue totaled 48 million euros, transfer revenues were 5.098 billion euros, up four million euros from targets, selling of goods and services totaled 734 million euros, up 7.0 million euros from targets and other revenue totaled 2.871 billion euros

Tax returns totaled 5.55 billion euros, while Public Investment Program revenues were 2.81 billion euros, up 2.0 million euros from targets.

In October, budget revenues were 5.628 billion euros, while regular budget revenues were 6.193 billion euros. Tax returns totaled 564 million euros and Public Investment Program revenues were 109 million euros.