The Greek state raked in €59 billion in tax revenue for the first ten months of 2025, according to the state budget execution data. The primary surplus for the period January-October 2025 reached €10.248 billion.
Earnings from VAT alone amounted to €23.3 billion, reflecting how indirect tax earnings are fueling the state budget.
On a modified cash basis, the state budget balance for January–October 2025 posted a surplus of €3.037 billion, compared with a revised target of €2.649 billion included for the same period in the 2026 draft budget and a surplus of €6.116 billion in the corresponding period of 2024.
The primary balance on a modified cash basis reached a surplus of €10.248 billion, slightly above the targeted primary surplus of €9.881 billion, though lower than the €13.528 billion primary surplus recorded a year earlier. Excluding a €321 million deviation in ordinary budget expenditures—mainly due to delayed payments—the primary result is estimated to be close to budget targets.
Authorities note that the primary result in fiscal terms differs from the cash basis calculation. The figures also refer solely to the Central Administration and do not encompass the broader General Government, which includes legal entities, municipalities, and social security funds.
Net state budget revenue for January–October 2025 amounted to €60.921 billion, exceeding the target set in the 2026 budget report by €67 million, or 0.1%.
