The State Budget balance presented a surplus of 2,160 million euros in January-August, against the target of a deficit of 1,381 million euros that has been incorporated for the same period of 2025 in the 2025 Budget introductory report and a surplus of 1,044 million euros in the same period of 2024, according to the preliminary data available for the execution of the State Budget on a modified cash basis.
 The State Budget Primary Balance on a modified cash basis amounted to a surplus of 8,696 million euros, against the primary surplus target of 4,929 million euros and the primary surplus of 7,567 million euros performed at the same period of the previous year.
 It is noted that an amount of 1,895 million euros which refers to the time differentiation of ordinary budget transfers and an amount of 682 million euros which refers to the time differentiation of military procurement, do not affect the General Government outcome in fiscal terms. In addition, an amount of 342 million euros in tax revenues from the first two months is fiscally accounted for in the year 2024. Excluding the aforementioned amounts, the surplus in the primary result on a modified cash basis, compared to the budget targets, is estimated at 848 million euros.
For January-August 2025, State Budget net revenues amounted to 48,459 million euros, showing an increase of 185 million euros or 0.4% against the target of the corresponding period, which is included in the 2025 Budget introductory report.
Tax revenues before tax refunds amounted to 46,596 million euros, 2,119 million euros or 4.8% higher against the target. This overperformance is due to the better performance in collecting the current year’s taxes, as well as, the better performance of the previous year’s income taxes collected in installments until the end of February 2025.
Tax refunds amounted to 6,181 million euros and include the amount of 784.8 million euros from the new Concession Agreement for Attica Motorway, as mentioned above, which fiscally affects the year 2024. Excluding this amount, tax refunds amounted to 5,396 million euros, 685 million euros higher against the target (4,711 million Euros), which is included in the 2025 Budget introductory report.