Budget primary surplus falls to 1.1 bln in Q1, slightly above target

EconomyMacroeconomy Tags: Budget, MoF, Revenues, Taxes
Photo by MacroPolis
Photo by MacroPolis

The budget primary balance recorded a surplus of 1.07 billion euros in the first quarter (Q1), which was 42.7 percent lower than the figure of 1.86 billion a year ago, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday.

The year to date outperformance was trimmed substantially from 1.27 billion euros in the 2-month period to just 75 million in Q1 largely due to lower privatisation revenues since the payment of 1.23 billion for the concession of regional airports was no...

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