A primary surplus of 12.012 billion euros is presented by the execution of the budget between January and November 2024, according to the data announced a little while ago by the Ministry of National Economy and Finance, against a target for a primary surplus of 9.912 billion euros and a primary surplus of 5.826 billion euros for the same period of 2023.

At the same time, for the same period, tax revenues appear to have increased by 106 million. against the target included in the introductory report of the 2025 Budget.

The announcement of the Ministry of National Economy and Finance is as follows:

According to the provisional data on the execution of the state budget, on a modified cash basis, for the period January – November 2024, there is a surplus in the state budget balance amounting to 4,376 million. euros against the target for a surplus of 2,293 million euros that has been included for the corresponding period of 2024 in the introductory report of the 2025 Budget and a deficit of 1,032 million. euros in the corresponding period of 2023.

The primary result on a modified cash basis amounted to a surplus of 12,012 million. euros, against a target for a primary surplus of 9,912 million euros and a primary surplus of 5,826 million euros for the same period in 2023. The difference in relation to the target mainly comes from the collection of an amount of 206 million. euros in the month of October 2024 from the extraordinary levy on electricity suppliers, which is scheduled to be made available through the Ministry of Environment and Energy, and on the one hand from the deferral of costs of equipment programs and transfers to OKA amounting to 432 and 788 million. euros respectively, which do not affect the result in fiscal terms. It is noted that the difference in tax revenues against the budget targets amounts to 106 million. euro.

It is pointed out that the primary result in fiscal terms differs from the result in cash terms. In addition, the above refers to the primary result of the Central Administration and not to the whole of the General Government, which also includes the fiscal results of Legal Entities and the sub-sectors of OTAs and OKAs.

In the period January – November 2024, the amount of net revenues of the state budget amounted to 66,722 million. euros, showing an increase of 304 million euros or 0.46% against the target included for the corresponding period in the introductory report of the 2025 Budget.

Tax revenues amounted to 60,670 million. euros, increased by 106 million euros or 0.2% against the target included in the introductory report of the 2025 Budget.

Revenue refunds amounted to 6,576 million. euros, reduced by 124 million euros from the target (6,700 million euros) included in the introductory report of the 2025 Budget.

The revenues of the Public Investment Program (PIP) amounted to 3,627 million. euros, reduced by 103 million euros from the target (3,731 million euros), which has been included in the introductory report of the 2025 Budget.

The exact distribution between the revenue categories of the state budget will be carried out with the publication of the final bulletin.

In particular, in November 2024, the total net revenues of the state budget amounted to 5,391 million. euros, increased by 53 million euros against the monthly target.

Tax revenues amounted to 5,535 million. euros, increased by 58 million euros or 1.1% against the target of the 2025 Budget.

Revenue refunds amounted to 494 million. euros, reduced by 124 million euros from the target (618 million euros).

The revenues of the Public Investment Budget (PDE) amounted to 12 million. euros, reduced by 103 million euros from the target (115 million euros).

State Budget expenditures for the period January – November 2024 amounted to 62,346 million. euros and are shown reduced by 1,779 million euros against the updated target (64,124 million euros), which has been included in the introductory report of the 2025 Budget. They are also increased, compared to the corresponding period of 2023, by 2,151 million. euros, mainly due to the increase in interest payments and TAA expenses.

In the part of the Regular Budget, the payments are shown reduced compared to the target by 1,268 million. euro. Excluding the apparent difference in appropriations under distribution amounting to 331 million. euros, which do not correspond to payments but to transfers of credits to the remaining categories from which payments are made at a later time, the difference in payments against the target amounts to 937 million. euro. This difference is documented by the deferral of expenditures of the equipment programs and the transfers to OKA amounting to 432 and 788 million. euros respectively, which do not affect the result in fiscal terms.

Notable payments include:

a) the payment of 43 million euros of the heating allowance for 2024. This amount concerns the winter season 2023-2024, for which the total payments amounted to 218 million. euros and will increase in December 2024 with the payment of the advance payment for the winter season 2024-2025. Total payments for the 2024-2025 winter season are expected to be increased to 270 million. euro,

b) the payment of 170 million euros from the Ministry of Rural Development and Food to ELGA for the compensation of agricultural holdings affected by flooding due to the DANIEL-ELIAS disasters of September 2023 as well as for related land improvement projects,

c) the grant of 297 million euros from the Ministry of Infrastructure and Transport to transport agencies (OASA, OASTH and OSE),

d) the grant of 414 million euros from the Ministry of Health to the National Central Health Procurement Authority (EKAPY) to cover the cost of supplying medicines for the needs of the hospitals of the National Health Service and the National Health Service. Papageorgiou,

e) the payment by the state of 119 million euros for the purchase of pharmaceutical and health equipment,

f) the direct payment by the state of 50 million euros for writings by students of educational institutions,

g) the payment of 188 million euros for the acquisition of motor fuels, mainly to cover the needs of the Ministry of National Defense and

h) the payment of 161 million euros for air vehicle leases of the Ministry of Climate Crisis and Civil Protection.

Payments in the part of investment expenses amounted to 9,934 million. euros reduced by 510 million euros in relation to the updated target, which has been included in the introductory report of the 2025 Budget. At the same time, they are shown to be increased in relation to the corresponding payments of 2023 by 1,348 million. euro.