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UPDATE 1-Greek Jan-April primary budget surplus at 1.46 bln euros, well above target

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ATHENS, May 15 (Reuters) - Greece's central government achieved a primary budget surplus of 1.46 billion euros ($1.63 billion) in the first four months of the year, well above target, thanks to higher revenues and lower spending, finance ministry data showed on Wednesday.


The government was targeting a primary budget deficit -- which excludes debt-servicing costs -- of 670 million euros for the January-April period, meaning the surplus outperformed the target by 2.1 billion euros.


The central government surplus excludes the budgets of social security funds and local administration. It differs from the figure monitored by Greece's foreign lenders but does indicate the state of the country's finances.


Net tax revenue came in at 15.95 billion euros -- 1.3 billion euros above target. Spending reached 16.99 billion euros -- 769 million euros below target.


The government projects a primary budget surplus of 3.6 percent of economic output this year, according to its 2019 budget.


The post-bailout target set by Greece's lenders is for a primary surplus of 3.5 percent of GDP.


($1 = 0.8934 euros)


(Reporting by Lefteris Papadimas; Editing by Catherine Evans)

Reuters Messaging: lefteris.papadimas.reuters.com@reuters.net))
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