Overall loan interest rate drops to 4.23 pct in May
New tax debt at 2.21 bln to Mar, up by 545 mln month-on-month
PMI rises to 49.4 points in June as manufacturing resumes
Retail turnover drops by 24.7 pct in April, volume also down by 24.8 pct
Economic sentiment at 87.6 in June, consumer confidence & construction show recovery
Credit growth in May comes to 0.7 pct, positive for third month
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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