Greece posts €103 million surplus in Jan‑May 2026 budget

The Greek state budget recorded a €103 million surplus for the January‑May 2026 period, far above the €2.176 billion deficit target for the same timeframe. The primary balance in modified cash terms showed a €3.65 billion surplus, surpassing the €1.243 billion goal.

The outperformance is attributed mainly to the early receipt of the seventh tranche from the Recovery and Resilience Fund (€884 million) and higher revenues from the Public Investment Programme (€574 million). Tax collections rose, with total tax income reaching €28.031 billion; VAT alone generated €12.34 billion, €650 million above the forecast. Net revenue for the period amounted to €30.216 billion, €2.528 billion higher than projected.

Excluding one‑off items such as the €306 million VAT from the Egnátia highway concession and a €135 million casino licence fee, the underlying primary surplus still exceeded the target by €246 million.