Budget primary surplus confirmed at 2.29 bln in April on improved tax collections, lower PIB spending
Travel surplus rises by 48.2 pct in March as receipts increase
Industrial turnover up by 3.4 pct in March, positive for third month
March current account deficit at 955.8 mln on improvement in goods balance
Central government debt grows to 343.74 bln in Q1
Primary cash surplus at 7.45 bln in April on revenue growth, lower expenditure
Lower yields for short- and long-term borrowing boost Athens
There was a promising start to May for Greece’s debt management agency (PDMA) as interest in its T-Bills rose and borrowing costs dropped in the two issues it auctioned successfully on May 2 and May 9 via 13- and 26-week notes respectively.
At the start of the month, it auctioned a 26-week T-bill for 875 million euros. It received total bids of 2.49 billion euros, including 392 million of non-competitive bids, taking the coverage ratio to 2.84. The total amount accepted was 1.14 billion eu...
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