Industrial turnover rises by 11.4 pct in May, staying positive for fifth consecutive month
June primary cash surplus at 6.49 bln as revenue increase offsets higher expenditure
Travel balance records 127 mln surplus in Q1, much improved on last year
Budget primary surplus at 617 mln in June as expenditure continues to fall below target
Building permits up by 1 pct in April and 5.2 pct in first four months of the year
Unemployment rate edges up to 20.2 pct in April as number of employed dips
General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
The general government (gg) primary cash balance showed the surplus shrinking by more than two thirds year on year (YoY), landing at 1.02 billion euros in the first two months of 2015 from 3.17 billion in the corresponding period last year, according to the bulletin published by the Ministry of Finance (MoF) on Tuesday.
In the corresponding period of 2014, social security funds had recorded a surplus of 788 million euros, implying a negative fiscal change this year of almost 1 billion YoY. This sector has had the worst fiscal performance so far in 2015.
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