Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend

EconomyMacroeconomy Tags: Budget, MoF, Revenues, Taxes
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

The budget primary surplus was confirmed at 1.94 billion euros in the first half of 2017, up by 18.6 percent from last year’s figure of 1.63 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Monday.

The headline figure beat the target by 1.51 billion euros due to a strong underspend. The primary expenditure came in 1.16 billion euros lower than the target, coupled with higher than targeted Public Investment Budget (PIB) balance and slightly higher ...

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read four of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€450.00

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.