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Final 2026 budget foresees stable growth and strong tax performance
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Industrial turnover jumps by 13.4 pct YoY in Sep for first rise since Jan
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Current account deficit improves significantly in 9M, falling to 7 bln
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EC autumn forecasts project stable growth and fiscal outlook
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Budget underspend carries on in Oct as taxes continue to outperform
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Import prices resume growth in Sep, food up 6.9 pct YoY
Budget primary surplus of 2.1 bln in 2-month on large underspend in Feb
The budget primary balance posted a surplus of 2.12 billion euros in the 2-month period of 2017, 25.6 percent lower than the respective figure of 2.85 billion in the corresponding period last year, the Finance Ministry’s (MoF) preliminary budget execution bulletin revealed on Tuesday.
This year’s primary surplus beat the target by 1.26 billion. This largely reflects primary expenditure coming in 866 million below the target, coupled with a gross revenue (revenues before tax refunds) outperformance of 517 million.
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