Budget primary deficit improves by 7.2 bln YoY in 2021, beats target by nearly 2 bln

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

The budget primary balance for the full year landed at a deficit of 10.99 billion euros in 2021, compared to a deficit of 18.2 billion in 2020, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.

The primary balance is well ahead of the target set in the final budget for 2022, beating it by 1.96 billion euros. Expenditure, excluding interest payments and the public investment budget, came to 55.88 billion euros. Net revenues came to 54.22 billio...

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