RRF injection pushes primary balance above target, but regular tax revenues short by 504 mln

EconomyMacroeconomy Tags: Budget, MoF

The budget primary balance recorded a deficit of 6.39 billion euros in the first eight months of 2021, compared with a deficit of 5.48 billion in the same period last year, the preliminary Finance Ministry (MoF) budget execution data showed on Thursday.

The primary balance was above the target set in the 2022-2025 Medium-Term Fiscal Strategy by 3.02 billion euros. Expenditure excluding interest payments and the public investment budget came to 35.19 billion euros. Net revenues came to 34.68 billion eur...

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