Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle

Travel balance to July soars by 19 pct, reaching almost 9 bln 22/09/2023 - 09:16
Agriculture output prices jump 28.7 pct YoY in Jul, despite input costs falling 21/09/2023 - 11:07
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Loans managed by servicers broadly stable in Q2 at 71.16 bln 19/09/2023 - 11:50
Tax revenues continue to outperform in Aug, as ministry explains frugal approach 19/09/2023 - 10:28

Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle

EconomyMacroeconomy 26/02/2021 - 12:37 Tags: Budget, MoF, Revenues

The primary balance was below its target by 442 million euros. Expenditure excluding interest payments and the public investment budget came to 4.22 billion euros. Net revenues came to 3.85 billion euros, below target by 812 million euros.

The monthly primary balance for January improved from a monthly deficit of 4.45 billion noted in December. The overall budget balance in January came to a deficit of 1.56 billion euros compared to a deficit of 768 million euros in January 2020.

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