According to the data available for the execution of the State Budget on a modified cash basis, the State Budget balance for the period of January – December of 2025 presented a surplus of 100 million euros, against the revised target of a deficit of 2,586 million euros that has been incorporated for the same period of 2025 in the 2026 Budget introductory report and a surplus of 369 million euros for the same period of 2024.
The State Budget Primary Balance on a modified cash basis amounted to a surplus of 8,089 million euros, against the primary surplus target of 5,327 million euros and the primary surplus of 8,698 million euros performed at the same period of the previous year.
Excluding an amount of 1,930 million euros relating to under-execution and time differentiation of transfer payments to general government bodies and cash payments for military procurement programs, which do not affect the General Government’s result in fiscal terms, the over execution in the primary balance on a modified cash basis, in comparison to the budget targets is estimated at 831 million euros.
It is noted that the Primary Balance in fiscal terms differs in comparison to the result in cash terms. Additionally, the aforementioned concerns the Primary Balance of the Central Administration and not of the whole of the General Government, which also includes the fiscal results of legal entities and the sub-sectors of LGs and SSFs.
For the period of January – December 2025, State Budget net revenues amounted to 77,065 million euros, showing a decrease of 796 million euros or 1% against the target of the corresponding period, which is included in the 2026 Budget introductory report. This underperformance is mainly due: a) to the above-described difference between projected and actual revenues, by 591 million euros, from the Egnatia Motorway concession agreement, without however having any fiscal impact; and b) to the decreased PIB revenues, by 658 million euros.
