Greece's Jan-June primary budget deficit at $10.76bln, below target

The central government figures exclude the budgets of social security funds and local administration

  
The ancient Parthenon temple is pictured atop the Acropolis hill during Earth Hour in Athens, Greece March 27, 2021.

The ancient Parthenon temple is pictured atop the Acropolis hill during Earth Hour in Athens, Greece March 27, 2021.

REUTERS/Alkis Konstantinidis

ATHENS - Greece's central government posted a primary budget deficit of 9.08 billion euros ($10.76 billion) in the first six months of the year, lower than its target, finance ministry data showed on Thursday.

The government had targeted a primary budget gap, which excludes debt-servicing costs, of 9.91 billion euros in the six-month period.

The central government figures exclude the budgets of social security funds and local administration.

Greece has extended COVID-19 restrictions several times to curb the spread of the coronavirus pandemic, damaging an economy that emerged in mid-2018 from a decade-long debt crisis.

Budget revenue came in at 21.9 billion euros in the six-month period - slightly outperforming a target by 93 million euros, the government said.

Spending of 34.2 billion euros was 641 million euros lower than the government's target, the data showed. ($1 = 0.8440 euros)

(Reporting by George Georgiopoulos Editing by Mark Heinrich) ((george.georgiopoulos@thomsonreuters.com; +30210 337 6437; Reuters Messaging: george.georgiopoulos.thomsonreuters.com@reuters.net))


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