Primary cash surplus at 19.54 bln in October on monthly and aggregate expenditure falls
Budget primary surplus at 6.46 bln in October on improved revenues and primary underspend
Eurosystem funding rises to 13.2 bln in October, banknotes up for third month
Building permits increase by 13.3 pct in August
Apartment prices up by 2.5 pct in Q3 as recovery trend continues
Car sales rise by 19.2 pct in October
Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
The budget primary surplus was confirmed at 1.07 billion in the first quarter (Q1) down by 42.6 percent from last year’s figure of 1.86 billion, according to the Finance Ministry (MoF) final budget execution bulletin.
As we noted in the preliminary figure published on April 18, the year to date outperformance was materially slashed from 1.27 billion in the 2-month period to only 77 million in Q1 mostly due to privatisation revenues of 1.23 billion from the concession...
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