Primary cash surplus at 6.4 bln in year to date, expenditure rises during May
Turnover in services sector shows deteriorations in Q1 2018
Budget primary surplus at 1.54 bln in May on revenue rise, sharp investment underspend
Unemployment rate stable at 21.2 pct in Q1
Wages index rises by 2 pct in Q1 and 4.9 pct YoY
Fall in apartment prices decelerates to 0.2 pct in Q1 for slowest contraction on record
Budget primary surplus surges to 3.04 billion, extending outperformance
Greece’s budget primary surplus soared to 3.04 billion in the 2-month period of 2016 from 1.24 billion last year, the Finance Ministry (MoF) preliminary budget bulletin showed on Friday.
The notable year on year (YoY) improvement largely reflects surging Public Investment Budget (PIB) revenues up by more than 1 billion coupled with an increase in net revenues by 800 million.
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