A surplus in the balance of the state budget of €1,850 million, compared with the target for a deficit of €1,357 million included for the corresponding period of 2025 in the 2025 Budget’s explanatory report and a deficit of €250 million in the corresponding period of 2024, is presented for the period January-April 2025, according to the state budget execution data, on a modified cash basis.

The primary result on an amended cash basis was a surplus of 5,148 million euros, against a target of a primary surplus of 1,973 million euros and a primary surplus of 3,282 million euros for the same period in 2024. It is noted that an amount of EUR 2,053 million related to the slippage of regular budget payments and an amount of EUR 736 million related to the slippage of investment expenditure do not affect the outcome of the General Government in fiscal terms. In addition, an amount of EUR 342 million of tax revenues in the first half of the year is budgeted in 2024. Excluding the above amounts, the excess in the primary outcome on a modified cash basis over the budget targets is estimated at EUR 44 million.

In the period January – April 2025, the amount of net revenue of the State Budget amounted to €23,059 million, representing an increase of €229 million or 1% over the target included for the corresponding period in the 2025 Budget’s explanatory report. It is noted that this amount includes both in revenues (in the category “Sales of goods and services”) and in tax refunds (VAT), the amount of 784.8 million euros from the transactions required to be made in the month of January 2025 for the completion of the new Concession Contract of Attica Highway, which relate to the year 2024 and are budget neutral. This increase is observed despite the fact that the target in the explanatory report had included the collection in April of the fifth installment from the Recovery and Resilience Fund (RDF), amounting to EUR 1,346 million, which was finally collected on 2 May 2025. Excluding the above amount, net revenue shows an increase of EUR 1,575 million or 7.3% against the target.