Budget primary deficit at 8.14 bln by end-May, almost 1 bln off target

EconomyMacroeconomy Tags: Budget, MoF
Photo by MacroPolis
Photo by MacroPolis

The budget primary balance was confirmed at a deficit of 8.14 billion euros in the first five months of the year, compared to a deficit of 4.84 billion in the same period of 2020, the final Finance Ministry (MoF) budget execution bulletin for May showed on Monday.

The primary balance came short of the target by 970 million euros. Excluding interest payments and the public investment budget, expenditure came to 22.69 billion euros. Net revenues came to 18.28 billion euros, below target by 274 million euros.

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