Greece reported a primary budget surplus of 707 million euros in the first six months of the year from a primary deficit of 1.511 billion euros in the corresponding period in 2013, up compared with a budget target for a primary surplus of 635 million euros in the January-June period.

A Finance ministry announcement said that according to final data on budget execution, on a amended cash basis, the state budget recorded a deficit of 2.419 billion euros in the first six months of the year, from a deficit of 4.991 billion euros last year, down from a revised budget target for a deficit of 3.856 billion euros, AMNA reported.

Net state budget revenues totaled 23.615 billion euros in the first half, up 1.0 pct from a revised budget target, while regular budget net revenues totaled 20.646 billion euros, up 0.3 pct from revised targets.

Tax revenues totaled 19.021 billion euros, up 0.5 pct from a revised target, while tax returns totaled 1.558 billion euros, up by 96 million euros compared with targets.

Public Investment Program revenues totalled 2.969 billion euros in the January-June period, up 176 million euros compared with targets.

State budget spending totalλed 26.034 billion euros, down 1.195 billion euros from a revised target, while regular budget spending totaled 23.672 billion euros, down 1.240 billion from revised targets. Regular budget spending were down 8.2 pct compared with the same period last year, reflecting a 6.3 pct decline in primary spending.

Public Investment Program spending totaled 2.362 billion euros, up 44 million from targets and up 590 million euros compared with the same period last year.