Budget primary deficit reaches 9.09 bln for H1, up almost 3 bln on 2020

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

The budget primary balance was confirmed at a deficit of 9.09 billion euros in the first half of 2021, compared with a deficit of 6.1 billion in the same period of 2020, according to the final Finance Ministry (MoF) budget execution bulletin for June released on Monday.

The primary balance beat the target set in the 2022-2025 medium-term fiscal strategy (MTFS) by 825 million euros. Expenditure excluding interest payments and the public investment budget came to 26.7 billion euros. Net revenues came to 21.97 billion eur...

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