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Government tones down fiscal pledges as tighter framework starts to bite
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Budget outperforms in Mar, delivers 2.95 bln primary surplus thanks to strong tax collection
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Import price drop slows further to 2.8 pct in Feb
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Car sales contract in March, up 4 pct YoY in Q1
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Industrial Production growth slows to 1.6 pct YoY in Feb as electricity supply drops
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CPI accelerates again in March, rising by 3.2 pct YoY and 1.5 pct MoM
PBO highlights areas of uncertainty for 2020 budget
The Parliamentary Budget Office (PBO) has followed the footsteps of the Fiscal Council by issuing its opinion on the draft budget that the government tabled last week.
The PBO has some reservations about some aspects of the draft budget that lie outside the control of authorities. It also raises the issues of a potential global slowdown and geopolitical tensions. As a result, it urges vigilance for the prospect of any...
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