Primary balance on target in Oct, revenues beat target thanks to tax and tourism VAT

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

The budget primary balance up to October landed at a deficit of 7.2 billion euros, compared with a deficit of 9.07 billion in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.

The primary balance was broadly in line with the target in the 2022-2025 Medium-Term Fiscal Strategy, beating it by 68 million. Expenditure, excluding interest payments and the public investment budget, came to 43.89 billion euros. Net revenues came to ...

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