Final budget data for Oct verifies solid tax revenues on back of indirect and income tax haul
Despite slowdown, property prices jump by 11.9 pct YoY in Q3
Rise of 17.3 pct in arrivals by Sept means receipts already exceed 2019 record
Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP
Industrial turnover contracts for six months on bounce in Sep with 5.1 pct drop
Significant improvement in oil balance reduces 9M current account deficit to 7.25 bln
Budget primary deficit at 8.14 bln by end-May, almost 1 bln off target
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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