By Nektaria Stamouli

ATHENS--Greece registered a primary budget surplus of 6.5 billion euros ($7.1 billion) in the first 10 months of the year, data from the finance ministry showed Monday, beating the target because of lower spending and higher revenues.

The state budget only takes into account central government operations and doesn't include general government accounts, which comprise local government and a portion of military spending in addition to some social-welfare expenditure.

Total revenue for the period from January to October reached EUR42.8 billion, exceeding its target by EUR1.57 billion, the ministry said.

Budget outlays for the same period reached EUR41.5 billion, lower than the target by EUR3.2 billion, it said.

On a monthly basis, Greece's budget revenue reached EUR4.98 billion in October, EUR1.05 billion above target.

Write to Nektaria Stamouli at

(END) Dow Jones Newswires

November 14, 2016 09:37 ET (14:37 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.