According to the data available for the execution of the State Budget on a modified cash basis, the State Budget balance for the period January-August 2026 presented a deficit of 475 million Euros, against the target of a deficit of 1,611 million Euros that has been incorporated for the same period of 2026 in the 2026 Budget Introductory Report and a surplus of 1,964 million Euros for the same period of 2025. The State Budget Primary Balance on a modified cash basis amounted to a surplus of 6,534 million Euros, against the primary surplus target of 4,989 million Euros and the primary surplus of 8,499 million Euros performed at the same period of the previous year.
Excluding an amount of 573 million Euros relating to time differentiation of PIB payments and an amount of 618 million Euros relating to time differentiation of transfers to General Government entities, which do not affect the General Government’s result in fiscal terms, as well as, an amount of 135 million Euros from the 2nd installment of the price for granting the license to operate a casino in Elliniko, which is fiscally recorded during the concession years, the over execution in the primary balance on a modified cash basis, in comparison to the budget targets is 219 million Euros.
It is noted that the Primary Balance in fiscal terms differs in comparison to the result in cash terms. Additionally, the aforementioned concerns the Primary Balance of the Central Administration and not of the whole of the General Government, which also includes the fiscal results of legal entities and the sub-sectors of LGs and SSFs.
Note: In the revenues of January 2026, the amounts arising from the transactions required for the completion of the Service Concession Agreement for the financing, operation, maintenance and exploitation of the Egnatia Motorway and its three (3) vertical road axes, for a period of 35 years, which was ratified by Law 5260/2025 (A’ 229) were recorded.
Specifically:
- an amount of 306 million Euros relating to VAT 24% on the transaction fee, was paid by the concessionaire to the State revenues, recorded in the category of “Taxes”, and was accompanied by an equal tax refund.
- Subsequently, the same amount of 306 million Euros, was paid to the State revenues and recorded under the category of “Sales of goods and services”.
For the period January – August 2026, State Budget net revenues amounted to 51,351 million Euros, showing an increase of 2,331 million Euros against the target of the corresponding period, which is included in the 2026 Budget introductory report. However, the target of the Budget Introductory Report included an amount of 1,258 million Euros from the Recovery and Resilience Facility (RRF), of which 884 million Euros was collected earlier, in April, while the remaining amount of 374 million Euros is expected to be collected during the current year. Excluding the RRF amount, net revenues increased by 2,705 million Euros against the target.
More specifically, the major revenue categories of the State Budget are as follows:
I. Tax revenues amounted to 49,481 million Euros and include: (a) the amount of 306 million Euros from the Concession Agreement for Egnatia Odos, as mentioned above and (b) the amount of 135 million Euros from the second (2nd) installment of the payment for granting an operating license for a casino business in Elliniko, which was originally scheduled for collection at the end of 2025. Excluding the above amounts, tax revenues amounted to 49,040 million Euros, 1,353 million Euros, or 2.8% higher than the target.
Particularly for the main tax revenues categories we observe the following:
- VAT revenues amounted to 20,544 million Euros. Excluding the amount of 306 million Euros of the Concession Agreement, VAT revenues are higher than the target by 905 million Euros.
- Excise tax revenues amounted to 4,662 million Euros, 230 million Euros lower than the target.
- Property tax revenues amounted to 1,978 million Euros, 62 million Euros higher than the target.
- Income tax revenues amounted to 17,681 million Euros, 439 million Euros higher than the target, of which: The Personal Income Tax (PIT) increased by 433 million Euros while the Corporate Income Tax (CIT) decreased by 9 million Euros and the Other Income Tax revenues increased by 15 million Euros, against the target.
II. Social Contributions amounted to 36 million, 4 million Euros lower, against the target.
III. Transfers amounted to 4,493 million Euros, 67 million Euros lower than the target. Out of this amount, 3,113 million Euros relates to PIB revenues, which are 98 million Euros higher than the respective target.
IV.Sales of goods and services amounted to 1,404 million Euros and included the amount of 306 million Euros, from the Concession Agreement for Egnatia Odos, as mentioned above. Excluding this amount, the revenues amounted to 1,098 million Euros, 273 million Euros higher than the target.
V. Other current revenues amounted to 2,036 million Euros, 487 million Euros higher than the target. An amount of 312 million Euros comes from PIB revenues, which are 207 million Euros higher than the respective target.
Tax refunds amounted to 6,100 million Euros, 442 million Euros higher than the target (5,659 million Euros), which is included in the 2026 Budget Introductory Report, mainly due to the VAT refund amounting 306 million Euros from the Concession Agreement for Egnatia Odos, as mentioned above.
PIB total revenues amounted to 3,424 million Euros, 304 million Euros higher than the target (3,120 million Euros), which is included in the 2026 Budget Introductory Report.
Specifically in August 2026, the State Budget net revenues amounted to 6,093 million Euros, 305 million Euros higher than the monthly target.
More specifically, the major revenue categories of the State Budget are as follows:
I. Tax revenues amounted to 6,687 million Euros, 363 million Euros or 5.7% higher than the target.
Particularly regarding the main tax revenues categories, we observe the following:
- VAT revenues amounted to 2,804 million Euros, 166 million Euros higher than the target.
- Excise tax revenues amounted to 698 million Euros, 6 million Euros lower than the target.
- Property tax revenues amounted to 117 million Euros, 8 million Euros higher than the target.
- Income tax revenues amounted to 2,607 million Euros, 146 million Euros higher than the target, of which, the PIT is increased by 87 million Euros, the CIT is decreased by 29 million Euros, and the Other Income Taxes are increased by 87 million Euros against the target.
II. Social Contributions amounted to 5 million Euros 1 million Euros lower, against the target.
III. Transfers amounted to 275 million Euros, 159 million Euros lower than the target. Of this amount, 226 million Euros relates to PIB revenues, which is 176 million Euros lower than the target.
IV. Sales of goods and services amounted to 88 million Euros, increased by 17 million Euros against the target.
V. Other current revenues amounted to 169 million Euros, 32 million Euros higher than the target. Of this amount, 24 million Euros relates to PIB revenues, which is 16 million Euros higher than the target.
Tax refunds amounted to 1,130 million Euros, 53 million Euros lower than the target (1,183 million Euros).
PIB total revenues amounted to 250 million Euros, 160 million Euros lower than the target (410 million Euros).
State Budget expenditures for the period January-August 2026 amounted to 51,825 million Euros, 1,195 million Euros higher than the target (50,630 million Euros), which is included in the 2026 Budget Introductory Report, mainly due to the acceleration of the RRF payments. They were also increased in comparison to the respective period of 2025 by 5,331 million Euros.
In the Ordinary Budget, payments were decreased by 204 million Euros compared to the target.
Noteworthy transfers / payments are the following:
- The grant to the National Health Service Organization of 1,544 million Euros,
- The grant to the Social Insurance Welfare Benefits Organization of 1,842 million Euros,
- The grant to the National Centralized Health Procurement Authority (E.K.A.P.Y.) of 915 million Euros for purchasing medicine and other health products and services for public hospitals,
- The transfers to hospitals and Primary Health Care of 979 million Euros,
- The grants to the transportation entities (OASA, OASTH, and OSE) of 300 million Euros,
- The grant to Information Society of 131 million Euros for the payment FUEL PASS,
- The payment of 135 million Euros for the diesel fuel subsidy,
- The extraordinary subsidy of families with children of 232 million Euros.
Investment expenditure amounted to 9,038 million Euros, increased by 1,399 million Euros in comparison to the target, which has been included in the 2026 Budget Introductory Report, due to the acceleration of the RRF projects implementation. They were also increased by 1,998 million Euros compared to the corresponding payments of 2025.