According to the execution of the state budget, on a modified cash basis, for the period of January – August 2025, a surplus is presented in the balance of the state budget of EUR 1,964 million against the target for a deficit of EUR 1,381 million and 20 million in the equivalent of 2025 million. EUR 1,044 million in 2024.

The primary result on a modified cash base stood at a surplus of EUR 8,499 million, against a target for a primary surplus of EUR 4,929 million and a primary surplus of € 7,567 million for the same period in 2024.

It is noted that an amount of EUR 1,895 million relating to the delayed transfer payments of the regular budget and an amount of EUR 540 million concerning the detention of equipment programs payments do not affect the outcome of the general government in fiscal terms. In addition, an amount of EUR 342 million in the first two months is fiscalized in the year 2024. Excluding the above amounts, exceeding the primary outcome on a modified cash base, against the budget objectives, is estimated at EUR 793 million.

It should be noted that the primary outcome in budgetary terms differs from the outcome in cash terms. In addition, the above relate to the primary outcome of the central administration and not the whole general government, which includes the financial results of the legal entities and sub -divisions of the Local Authorities and OKAs.

During January – August 2025, the net revenue of the state budget amounted to EUR 48,458 million, increasing an increase of EUR 184 million or 0.4% against the target included for the corresponding period in the budget report of 2025.

It is noted that the net revenue contains, both in the revenue (in the category of “Sales of Goods and Services”) and on tax refunds (VAT), the amount of EUR 784.8 million from the transactions required in January 2025 for the completion of the new concession contract.

The increase in net revenue against the target is observed, although the proceedings were included in the June of € 1,350 million in the month of the proceedings of the Services Concession for the Funding, Operation, Maintenance and Operation of the Egnatia Motorway and 39 March 2024, between the Greek State and the HRIP (now ESSYP) and the company “NEW EGNATIAS SA” as a concessionaire.

The next steps of the procedure until the price is paid are expected to be completed in the coming months. Except for the above amount, net revenue increases by EUR 1,534 million or 3.3% against the target, mainly due to increased tax revenue.

In particular, the revenue of the major categories of the state budget are as follows:

Revenue of the “taxes” of “refunds” amounted to € 46,519 million, up EUR 2,042 million or 4.6% against the target, mainly due to better performance in the tax collection of this year (income taxes, VAT, EFK, etc.) as well as from the highest tax returns of taxes as well as the taxpayers of taxes as well as the taxpayers’ taxes as well as the taxpayers’ taxes as well as the taxpayers’ taxes (VAT, EFK, etc.). The end of February 2025.

Specifically for the main taxes in this category, the following are observed:

  • VAT revenue amounted to EUR 18,185 million and is increased by the target of € 507 million.
  • The revenue of the EFSC amounted to EUR 4,857 million and is increased by the target of EUR 83 million.
  • Revenue revenue of real estate tax amounted to € 1,983 million and increased by the target of € 73 million.
  • Income tax revenues amounted to € 17,306 million and is increased by the target of EUR 1,135 million, of which: the income tax of natural persons is increased by EUR 828 million, the income tax of legal entities reduced by EUR 38 million and the other income tax.

It is noted that regarding the income tax of natural persons, part of the receipts appears forwardly because the application for the submission of tax returns was put into operation in mid -March.

Proceeds from the “Social Contributions” category amounted to 41m euros, according to the target.

Revenue of the “Transfers” category amounted to EUR 4,495 million, reduced by EUR 8 million against the target included in the budget report of 2025. EUR 1,346 million was collected by the recovery and resilience fund according to the target, and € 2,507 million. target.

Revenue in the “Sales of Goods and Services” category amounted to EUR 1,740 million and includes EUR 784.8 million from the Attica Road concession contract, while the target contains € 1,350 million from the price for the exploitation of Egnatia Road. If the above amounts are excluded, the revenue of the major “sales of goods and services” amount to € 955 million, up EUR 259 million against the target.

Revenue in the “Other Current Revenue” category amounted to EUR 1,822 million, reduced by EUR 75 million compared to the target included in the budget report of 2025. From the above € 1,822 million, EUR 185 million relates to EUR 29 million.

Revenue refunds amounted to EUR 6,181 million and incorporate the VAT refund of EUR 784.8 million from the Attica Odos Concession Agreement, as mentioned above, which fiscalities affects the year 2024. If that amount is excluded, tax refunds amounted to EUR 5.396 million. (EUR 4,711 million), included in the budget report of 2025.

Taking into account the above, net revenue from taxes after refunds in January – August 2025 show increased by EUR 1,357 million against the budget objectives. As mentioned above, an amount of EUR 342 million in the first two months is fiscalized in the year 2024.

The total revenue of the RIP amounted to EUR 2,692 million, reduced by EUR 393 million from the target (EUR 3,085 million), included in the budget report of 2025.

In particular, in August 2025, the total net revenue of the state budget amounted to EUR 5,605 million, reduced by EUR 634 million against the monthly target, mainly due to increased tax refunds – from the clearance of tax returns – which had been budgeted for the following month.

In particular, the revenue of the major categories of the state budget are as follows:

Revenue of the “taxes” amounted to EUR 6,086 million, reduced by EUR 109 million or 1.8% against the target. It is noted that part of the income tax was proceeded in the past months, because the application for the submission of tax returns was put into operation in mid -March.

Specifically for the main taxes in this category, the following are observed:

VAT revenue amounted to EUR 2,481 million and is increased by the target of € 150 million.

The revenue of the EFSC amounted to EUR 699 million and is reduced by the target of € 5 million.

Revenue revenue of real estate tax amounted to EUR 113 million and is reduced by the target of € 17 million.

Income tax revenues amounted to EUR 2,378 million and is reduced by the target of EUR 181 million, of which the income tax is reduced by EUR 79 million, the income tax of legal entities is reduced by EUR 97 million and the other tax is reduced by € 57 million.

Proceeds from the “Social contributions” amounted to 6m euros, according to the target.

Revenue in the “Transfers” category amounted to EUR 375 million, reduced by EUR 158 million compared to the target included in the budget report of 2025. EUR 306 million relates to RIP revenue, which is reduced by EUR 217 million against the target.

Revenue in the “Sales of Goods and Services” category amounted to 20m euros, against zero monthly target.

Revenue in the “Other Current Revenue” category amounted to EUR 180 million, up EUR 57 million against the target included in the budget report of 2025. From the above collection of EUR 180 million, EUR 34 million concerns EUR 27 million revenue, which is € 27 million.

Revenue refunds amounted to EUR 1,135 million, increased by € 433 million from the target (€ 702 million).

The revenue of the RIP amounted to EUR 340 million, reduced by € 190 million from the target (€ 530 million).

State budget expenditure for the January – August 2025 period amounted to EUR 46,494 million and are reduced by EUR 3,161 million against the target (EUR 49,655 million), which has been included in the budget report of 2025.

In the regular budget, payments are reduced by the target of EUR 3,054 million, which is mainly due to the delayed transfer payments to OKA and other general government bodies by EUR 1,895 million and the cash payments of the equipment programs by EUR 540 million. It is noted that the above amounts do not affect the outcome of the General Government on budgetary terms.

Noteworthy transfers are as follows:

  • Transfers to Hospitals and the YPDs of EUR 897 million,
  • The transfer of EUR 400 million to cover the cost of providing utility services in the electricity sector (SGI), in accordance with article 55 of Law 4508/2017 (A ‘200),
  • The grant of EUR 377 million to the National Central Authority of Health Supplies (EKAPY) for the supply of pharmaceuticals, products and health services on behalf of public hospitals, on behalf of public hospitals,
  • Grants to the transport bodies (OASA, OASTH and OSE) of EUR 251 million and
  • The grant to higher education institutions of EUR 145 million.

Investment expenditure payments amounted to EUR 7,040 million, reduced by EUR 106 million compared to the target, which has been included in the 2025 budget report. At the same time, they are increased by the corresponding payments of 2024 by EUR 491 million.