Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
Travel receipts drop by 7.8 pct in March, higher fall in payments leads to soaring balance
Current account deficit widens to 1.3 bln in March
Labour Ministry publishes latest pension breakdown
Central government debt edges up to 326.5 billion in Q1
Industrial turnover up 24.5 pct in March for fifth straight month
These were the key drivers behind Greece's strong fiscal performance in 2016
The publication of the general government’s non-financial sector accounts on Monday has provided more insight regarding the key drivers of the fiscal performance in 2016, which was confirmed in a first notification issued by the Hellenic Statistical Authority (ELSTAT) on Friday.
As we noted, ELSTAT figures showed Greece recorded a primary surplus of 6.87 billion euros (3.9 percent of GDP) in 2016 under ESA 2010 rules, 6.13 billion above the figure of 737 million (0.4 percent of GDP) posted a year ago.
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