Significant exceeding the target was the balance of the state budget in January – May 2025, according to temporary execution data, on an amended cash base announced by the Ministry of National Economy and Finance.

Specifically, the state budget balance of a surplus of EUR 1,883 million, against a target for a deficit of EUR 2,475 million and a deficit of EUR 535 million in the corresponding period of 2024.

Remarkable is the picture in the primary result, which stood at a surplus of EUR 5,351 million, exceeding the target of € 4.3 billion, as the budget report of 2025 provided for a primary surplus of EUR 1,055 million, while in the corresponding period of 2024 it was recorded.

The ministry notes that the above data include amounts related to payments of payments (EUR 1,993 million from the regular budget and EUR 499 million from investment costs), which do not affect the financial outcome of the General Government. In addition, EUR 342 million from first two months tax revenue is fiscal in 2024.

Removing the above, the net exceeding of the primary surplus is estimated at EUR 1,462 million, enhanced by the premature collection of part of the income tax of natural persons, due to the commencement of the application of declarations as early as mid -March.

Increase of net revenue by 6% – to 28.98 billion euros in the five months

The net revenue of the state budget amounted to EUR 28,977 million, exceeding EUR 1,640 million or 6%. This includes the amount of EUR 784.8 million from the transactions for the new Attica Road concession contract, which is fiscal neutral and concerns 2024.

Tax revenue amounted to EUR 27,050 million, exceeding the target of EUR 1,773 million (+7%), mainly due to:

  • of the highest efficiency in VAT, EFK and income taxes of the previous year,
  • and the earlier collection of income tax on natural persons.

Revenue refunds stood at € 3,819 million, of which € 784.8 million relate to VAT refunds from the Attica Road Convention. Except for that amount, refunds amount to EUR 3,035 million, increased by EUR 349 ​​million from the target.

The revenue of the RIP amounted to EUR 1,725 ​​million, lower by EUR 154 million than the target (EUR 1,880 million).

Reinforced revenue and in May

For the month of May 2025, net revenue amounted to EUR 5,918 million, exceeding the target of € 1,411 million, mainly due to the collection of the fifth installment of the € 1,346 million recovery fund, scheduled for April.

Tax revenue amounted to EUR 5,041 million, up EUR 412 million or 8.9%, while revenue refunds reached EUR 778 million, up € 301 million against target.

The revenue of the RIP May stood at € 104 million, slightly reduced by € 11 million.

Expenditure Retention – Underneath of Target by EUR 2.7 billion

State budget expenditure amounted to EUR 27,094 million, reduced by EUR 2,718 million against the target (EUR 29,812 million) and EUR 325 million compared to 2024.

In the regular budget, payments were by EUR 2,218 million below the target, mainly due to the delayed transfers to OKA and other bodies (EUR 1,539 million) and equipment payments (EUR 455 million).

Indicatively, included:

  • EUR 588 million in Hospitals and YPDs,
  • EUR 400 million for electricity in the field of electricity,
  • EUR 290 million for EKAPY,
  • EUR 124 million to transport bodies (OASA, OAST, OSE),
  • EUR 113 million in higher education institutions.

Investment spending stood at EUR 3,729 million, lower by € 499 million than the target and by EUR 685 million from the corresponding period of 2024.