The state budget balance presented a surplus of €1.88 billion in January-April, against the target of a deficit of €909 million, which has been incorporated for the same period of 2026 in the budget introductory report; and a surplus of €1.85 billion for the same period of 2025.
That’s according to the preliminary data available for the execution of the state budget on a modified cash basis released on Friday.
The state budget primary balance on a modified cash basis amounted to a surplus of €5.1 billion, against the primary surplus target of €2.3 billion and the primary surplus of €5.1 billion at the same period last year.
The primary surplus overshoot on a modified cash basis, in comparison to the budget targets, stood at €358 million.
That was excluding €197 billion relating to time differentiation of payments of defense programs, an amount of €593 million relating to time differentiation of investment payments, and an amount of €249 million relating to time differentiation of capital and current transfers to General Government entities; those do not affect the General Government’s result in fiscal terms.
