Rise in foreign arrivals pushes travel receipts up by 14.2 pct in June
Current account surplus at 842.3 million in June, assisted by services balance
Primary cash balance posts deficit of 46 mln at end of July
Industrial turnover up by 8.1 pct in June for eighth consecutive rise
Budget primary surplus at 3.05 bln in 7-month, above target on underspend
Building activity up by 45.7 pct in May, highest since Dec 2005
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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