Five-month budget primary surplus confirmed at 1.84 bln, beats target by 790 mln
Travel receipts rise by 11.3 pct in April on back of higher arrivals
Current account deficit eases by 410.6 mln in April
Industrial turnover up for sixth straight month with 10.7 pct rise in April
Primary cash balance posts deficit of 316 mln in first 5 months
Turnover in services sector improves slightly in Q1 2017
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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