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
Eurosystem funding drops by 3.9 bln in July on big decline in ELA
Unemployment at 21.7 pct in May after revised April figure
Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May
Greece’s budget primary surplus was confirmed at 2.28 billion euros in the 5-month period of 2016, which was significantly higher than last year’s figure of 1.51 billion, according to the Finance Ministry’s (MoF) final budget execution bulletin released on Monday.
In addition, the 5-month state budget deficit dropped by around 42 percent to 814 million euros, from 1.4 billion last year, over-performing target by 3.07 billion.
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