Final budget data for 2021 affirms revenue overperformance, primary balance below 6 pct of GDP

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

The budget primary balance for the full year landed at a deficit of 10.33 billion euros in 2021, compared to a deficit of 18.2 billion in 2020, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.

The primary balance is more than 600 million euros better compared to the figure reported in the preliminary bulletin earlier in the month. This means that the balance is now well ahead of the target set in the final budget for 2022, beating it by 2.62 ...

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