Industrial turnover increases by 12.9 pct in November
Primary cash balance falls to deficit of 877 mln in Dec, expenditure rises
Travel balance for nine-month period shows surplus of 11.57 bln
Building activity increases by 16.4 pct in October
Budget primary surplus at 1.97 bln in 2017 on strong underspend
Net job hirings balance positive by 15,315 in December
Lower spending, extra revenues result in budget execution beating targets in March
Greece’s budget execution showed the 3-month primary surplus rose to 1.74 billion euros, up 12.6 percent, while the 2-month underperformance of 173 million turned to an over-performance of 1.62 billion, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday.
The year to date primary surplus outperformance is mainly attributed to lower primary expenditure (by 1.18 billion) and higher Public Investment Budget (PIB) surplus (by 856 million) more than offsetting lower revenues (by 386 million).
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