The state budget primary balance on a modified cash basis amounted to a surplus of 2.8 billion euros in January-February 2025, against a primary surplus target of €2.03 billion euros and a primary surplus of €3.38 billion euros in the same period in 2024, according to figures released by the Economy and Finance Ministry on Wednesday.
Tax revenues in the same period were 506 million euros or 4.4% higher than the targeted amount.
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-February 2025 presented a surplus of €709 million, versus the target for a deficit of €51 million that has been incorporated for the same period of the year in the 2025 budget introductory report and a surplus of €1.44 billion for the same period of 2024.
It is noted that an amount of €468 million, which concerns the time differentiation of payments from ordinary budget, and an amount of €473 million, which concerns the time differentiation of public investments payments, do not affect the general government outcome in fiscal terms.