Industrial turnover remains on growth path with 6.1 pct rise in Aug
Primary cash surplus at 1.75 bln as expenditure rises in Sept
Revised GDP data shows recession for 2016, higher growth in 2014
Budget primary surplus at 4.5 bln in 9-month, below target on lower revenues, higher tax refunds
Eurosystem funding falls by 3.58 bln in September
New overdue tax obligations at 1.07 bln in August, total at 98.23 bln
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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