According to the preliminary data available for the execution of the State Budget on a modified cash basis, the State Budget balance for the period January-June 2026 presented a deficit of 941 million Euros, against the target of a deficit of 3,136 million Euros that has been incorporated for the same period of 2026 in the 2026 Budget introductory report and a deficit of 564 million Euros for the same period of 2025. The State Budget Primary Balance on a modified cash basis amounted to a surplus of 4,480 million Euros, against the primary surplus target of 1,953 million Euros and the primary surplus of 4,519 million Euros performed at the same period of the previous year.
Excluding an amount of 81 million Euros relating to time differentiation of payments of defense programs, an amount of 555 million Euros relating to time differentiation of PIB payments and an amount of 1,597 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 159 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 from the transactions required from the completion of the Concession Agreement for Services 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 (Government Gazette A’ 229) were recorded.
Specifically:
- an amount of 306 million Euros relating to VAT 24% on the transaction fee, was paid from 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 returned to the State revenues and recorded in the category of “Sales of goods and services”.
For the period January – June 2026, State Budget net revenues amounted to 35,995 million Euros, showing an increase of 1,063 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 includes the amount of 1,258 million Euros from Recovery and Resilience Facility (RRF), the largest part of it, namely 884 million Euros, has been collected in April and the remaining amount of 374 million Euros and is expected to be collected into the current year. Excluding this, net revenues show an increase of 1,437 million Euros against the target.
Tax revenues amounted to 33,919 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 2nd installment of the payment for granting an operating license for a casino business in Elliniko, which had been scheduled to be collected at the end of 2025. Excluding the above amounts, tax revenues amounted to 33,478 million Euros, 679 million or 2.1% higher than the target.
Tax refunds amounted to 4,129 million Euros, 351 million Euros higher against the target (3,778 million Euros), which is included in the 2026 Budget introductory report, due to VAT refund amounting 306 million Euros from the Concession Agreement for Egnatia Odos, as mentioned above.
PIB revenues amounted to 2,745 million Euros, 90 million Euros higher than the target (2,655 million Euros), which is included in the 2026 Budget introductory report.
A more precise allocation among the revenue categories of the State Budget will take place when the final Bulletin is issued.
Particularly in June 2026, the State Budget net revenues amounted to 5,777 million Euros, 1,469 million Euros lower than the monthly target due to the fact that the target of the Budget introductory report in June includes the collection of seventh installment from Recovery and Resilience Fund (RRF), amounting to 1,258 million Euros, the largest part of which was collected in April, as mentioned above. Excluding this amount, net revenues show a decrease of 211 million Euros against the target, which is mainly due to the reduced PIB revenues of 484 million Euros.
Tax revenues amounted to 5,888 million Euros, 508 million Euros or 9.4% higher than the target.
Tax refunds amounted to 694 million Euros, 120 million Euros higher than the target (574 million Euros).
PIB revenues amounted to 226 million Euros, 484 million Euros lower than the target (710 million Euros).
State Budget expenditures for the period January-June 2026 amounted to 36,936 million Euros, 1,132 million Euros lower than the target (38,068 million Euros), which is included in the 2026 Budget introductory report. They were also increased in comparison to the respective period of 2025 by 1,991 million Euros.
In the Ordinary Budget, payments appear decreased by 1,147 million Euros compared to the target.
Noteworthy transfers are the following:
I.The grant to the National Health Service Organization of 1,201 million Euros,
II. The grant to the Social Insurance Welfare Benefits Organization of 1,354 million Euros,
III. 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 the public hospitals,
IV. The transfers to hospitals and Primary Health Care of 683 million Euros,
V. The grants to the transportation entities (OASA, OASTH, and OSE) of 244 million Euros,
VI. The grant to Information Society of 131 million Euros for the payment FUEL PASS,
VII. The payment of 45 million Euros for the diesel fuel subsidy,
VIII. The extraordinary subsidy of families with children of 220 million Euros.
Investment expenditure amounted to 5,796 million Euros, increased by 15 million Euros in comparison to the target, which has been included in the 2026 Budget introductory report. They were also increased by €745 million compared to the corresponding payments of 2025.
STATE BUDGET EXECUTION MONTHLY BULLETIN_JUNE 2026
THE PRESS OFFICE