Current account deficit narrows to 840.3 mln in Feb as imports drop
Industrial turnover drops by 2.4 pct in February
Primary cash balance deficit at 3.91 bln in March
Budget primary deficit at 3.42 bln in March, above target by 941 mln
Wages index up by 4.5 pct YoY in Q4 2020, rises by 3.1 pct QoQ
New tax debt at 1.63 bln February, rising by 1.03 bln month-on-month
Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle
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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