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2026-02-16 15:23:01
[Greece's primary budget surplus reaches €3.5 billion in January, more than double the target] ⑴ Greece's primary budget surplus in January was €3.5 billion, while the target was €1.75 billion. The actual surplus was double the target. ⑵ From a fiscal perspective, the January surplus far exceeding the target reflects the Greek government's strong performance in revenue collection and expenditure control, laying a good foundation for achieving the annual fiscal goals. ⑶ This better-than-expected surplus helps strengthen market confidence in the sustainability of Greek debt and may further compress the yield spread between its government bonds and German bonds. ⑷ The market should pay attention to whether this strong start is sustainable and whether Greece can use its fiscal space to repay high-cost loans ahead of schedule or increase investment spending.
