The state budget recorded a surplus of €2.1 billion in the first seven months of 2025.

A surplus of 2.188 billion euros in the state budget balance was recorded in the period January - July 2025, compared to the target for a deficit of 1.961 billion euros included for the corresponding period of 2025 in the 2025 Budget 2025 report and a deficit of 139 million euros in the corresponding period of 2024, according to provisional data on the implementation of the state budget, on a modified cash basis, announced by the Ministry of Finance.

The primary balance on a modified cash basis was a surplus of EUR 7.959 billion, against a target of a primary surplus of EUR 3.599 billion and a primary surplus of EUR 5.665 billion for the same period in 2024.

As the Ministry of Finance notes, the amount of EUR 2.208 billion related to the postponement of transfer payments of the regular budget and the amount of EUR 605 million related to the postponement of payments of the armament programmes do not affect the result of the General Government in fiscal terms.

In addition, an amount of EUR 342 million of tax revenues of the first two quarters is budgeted in the year 2024. Excluding the above amounts, the excess of the primary outcome on a modified cash basis over the budget targets is estimated at EUR 1.203 billion.

It also points out that the primary result in fiscal terms differs from the result in cash terms and stresses that the above refers to the primary result of the Central Administration and not to the total General Government, which includes the fiscal results of the Legal Entities and the sub-sectors of the OTA and OKA.

According to data from the ministry, in the period January - July 2025, the amount of net state budget revenues amounted to 42.858 billion euros, an increase of 822 million euros or 2.0% compared to 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 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 occurs despite the fact that the target in the report included the collection in June of the price of 1,350 million euros. EUR 1,350,000 from the Concession Contract for the financing, operation, maintenance and exploitation of the Egnatia Highway and the three (3) vertical road axes, which was signed on 29 March 2024, between the Greek State and the Hellenic State Property Fund (now EESYP) on the one hand, and the company «NEA EGNATIA ODOS S.A.» as Concessionaire on the other hand. The next steps of the procedure up to the payment of the price are expected to be completed in the coming months. Excluding the above amount, net revenues show an increase of EUR 2,172 million or 5.31TTP3T against the target, mainly due to increased tax revenues”.

As for tax revenues, they amounted to €40,556 million, up by €2.273 billion or 5.9% against the target, with this overperformance coming from the better performance in the collection of current year taxes as well as from the better performance of the previous year's income taxes collected in instalments up to the end of February 2025.

According to the same data, revenue refunds amounted to €5.045 billion and incorporate the VAT refund amount of €784.8 million from the new Attiki Odos Concession Contract, as mentioned above, which fiscally affects the year 2024. If this amount is excluded, tax refunds amounted to EUR 4.260 billion and is an increase of EUR 252 million compared to the target (EUR 4.008 billion) included in the 2025 Budget's explanatory memorandum.

The revenue of the MFF amounted to €2.352 billion, down by €203 million from the target (€2.555 billion) included in the 2025 Budget's explanatory memorandum.

In particular, in July 2025, total net state budget revenues amounted to EUR 8.477 billion, up by EUR 338 million against the monthly target.

Tax revenues amounted to EUR 8.348 billion, up by EUR 37 million or 0.41TTP3T against the target.

Refunds of revenue amounted to EUR 673 million, EUR 20 million below the target (EUR 693 million).

The MFF revenue amounted to EUR 429 million, an increase of EUR 374 million from the target (EUR 55 million).

State Budget expenditure for the period January-July 2025 amounted to 40.671 billion euro and is presented 3.326 billion euro lower than the target (43.997 billion euro), which has been included in the 2025 Budget's explanatory report. They are also increased compared to the corresponding period of 2024, by EUR 1.345 billion.

On the Ordinary Budget side, payments are lower than target by EUR 3.292 billion, mainly due to the delay in the timing of transfer payments to OFCs and other general government agencies by EUR 2.208 billion and cash payments of the armaments programmes by EUR 605 million. It is noted that the above mentioned amounts do not affect the outcome of the general government in budgetary terms.

Finally, as announced by the Ministry of Finance, payments in the investment expenditure component amounted to 6.131 billion euros, down by 34 million euros compared to the target included in the 2025 Budget's explanatory report. At the same time, they show an increase of EUR 32 million compared to the corresponding payments in 2024.