A primary surplus of €5.175 billion was recorded in the budget in the first quarter of this year, against a target for a primary surplus of €2.298 billion and a primary surplus of €5.148 billion for the same period in 2025.

According to Ministry of National Economy and Finance, excluding an amount of €197 million related to deferral of payments to armament programmes, an amount of €593 million related to deferral of investment payments and an amount of €249 million related to deferral of investment payments. EUR 881 million from early revenues of the CDF and an amount of EUR 461 million related to early cash revenues of the MFF, the excess of the primary outcome on an amended cash basis over the budget targets amounts to EUR 358 million.

It is noted that the primary outcome in budgetary terms differs from the outcome in cash terms. In addition, the above refers to the primary result of the Central Administration and not to the total of the General Government, which includes the fiscal results of the Legal Entities and the sub-sectors of the Local Authorities and the OCA.

It is noted that in the revenues of January this year recorded the amounts from the transactions required for the completion of the Service Concession Agreement for the financing, operation, maintenance and exploitation of the Egnatia Highway and its three vertical roads for 35 years, which was ratified by Law no. 5260/2025 (A’ 229).

Specifically:

-an amount of 306 million euros, relating to the 24% VAT on the price of the transaction, was returned by the concessionaire to the Greek State, recorded under the category “Taxes” and accompanied by an equal tax refund.

-following this, the same amount of 306 million euros was returned by the concessionaire to the Greek State, recorded under the category “Taxes” and accompanied by an equal tax refund.

-following this, the same amount of 306 million euros was recorded under the category “Taxes” and accompanied by an equal tax refund. EUR 306 million was reattributed to the Greek State and recorded under the category “Sales of goods and services”.

In the period January-April 2026,the amount of net revenues of the state budget amounted to EUR 25.165 billion, an increase of EUR 2.1 billion compared to the target included for the corresponding period in the 2026 budget report. This over-execution is mainly due to the collection on 23 April of the seventh instalment from the Recovery and Resilience Fund (RDF) of €884 million, which was projected to be collected in June 2026, as well as to the increased MFF revenue of €461 million.

Tax revenue amounted to €22.743 billion. EUR and include. Excluding the above amounts, tax revenues amounted to EUR 22.302 billion, down EUR 39 million or 0.2% against the target.

Revenue refunds amounted to EUR 2.601 billion, up EUR 206 million from the target (EUR 2.395 billion) included in the 2026 Budget Report, due to the VAT refund of EUR 306 million from the Egnatia Odos Concession Contract, as mentioned above.

Public Investment Programme (PIP) revenues amounted to €2.311 billion, up by €461 million compared to the target (€1.85 billion) included in the 2026 budget presentation.

Specifically, in April, total net state budget revenues amounted to €6.657 billion, up by €1.414 billion. EUR 1.1 billion higher than the monthly target, mainly due to the receipt in April of EUR 884 million from the Recovery and Resilience Fund, as mentioned above, and increased PSI revenues by EUR 260 million.

Tax revenues amounted to €5.561 billion, up €94 million or 1.7% against the target.

Revenue refunds amounted to €673 million, up €21 million from the target (€652 million). EUR 652 million).

Public Investment Budget (PIB) revenues amounted to EUR 380 million, up EUR 260 million from the target (EUR 120 million).

The expenditure of the State Budget for the period January-April 2026 amounted to €23.287 billion, down by €686 million compared to the target (€23.974 billion), which has been included in the 2026 budget presentation. They are also increased compared to the corresponding period in 2025 by EUR 2.078 billion.

On the Ordinary Budget side, payments are shown EUR 93 million lower compared to the target.

Notable transfers are as follows:

I. The grant to the National Health Services Agency of €825 million,

I. The subsidy to the Social Security Provident Fund Agency of €869 million,

II. The grant of €424 million to the National Central Health Procurement Authority (NCHA) for the procurement of pharmaceuticals, products and health services on behalf of public hospitals,

IV. Transfers to hospitals and primary health care of EUR 494 million,

V. Grants to the transport operators (OASA, OASΘ and OSE) of EUR 141 million,

VI. The grant to the Information Society amounting to €131 million for the payment of the FUEL PASS.

Payments under the investment expenditure component amounted to €2.938 billion, down €593 million compared to the target included in the 2026 budget proposal. However, they are presented increased compared to the corresponding 2025 payments by €327 million.