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2025-12-17 17:17:37
[Greece's Fiscal Performance Exceeds Expectations, High Surplus Relieves Market Pressure] ⑴ Data from the Greek Ministry of Finance shows that the central government's primary budget surplus reached €12.65 billion from January to November this year, significantly exceeding the target of €7.7 billion. ⑵ This strong performance was mainly due to higher-than-expected tax revenue and transfer payments, while fiscal spending was kept below the target level. ⑶ Specifically, tax revenue reached €64.97 billion, exceeding the target by approximately €330 million, while fiscal spending was €63.61 billion, saving €2.64 billion from the target. ⑷ Although interest payments were slightly higher than expected, reaching €7.61 billion, this did not have a substantial impact on the overall positive primary budget surplus result. ⑸ This indicates that after overcoming the debt crisis, Greece has strengthened fiscal discipline, particularly in combating tax evasion and promoting electronic payments, which continues to support market confidence.
