Primary cash surplus at 2.88 bln in Oct on higher expenditure, arrears payments
Fall in apartment prices continues with slower decline of 0.6 pct in Q3
Capital controls to be loosened further, restrictions on foreign cash removed
Budget primary surplus at 5.36 bln in 10-month, exceeding target on lower expenditure
Eurosystem funding falls by 4.38 bln in October as ELA declines
Building activity drops by 5.2 pct in August
Draft budget sees stronger growth, fiscal targets being met
The Finance Ministry (MoF) tabled on Monday in Parliament’s Economic Affairs Committee the 2018 draft budget, which contains its fiscal estimates as well as the underlying macro assumptions.
The MoF expects that the improvement in economic confidence due to the smooth implementation of the programme will facilitate the recovery of the domestic economy in the second half of 2017, with carry over effects into 2018.
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