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Wages record back-to-back growth of 7.1 pct in Q4 2022
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Budget primary balance beats target by 2.39 bln in Feb as taxes outperform
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Unemployment edges up to 11.9 pct in Q4
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Import prices stabilise at high levels in Jan with rise of 0.4 pct YoY
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Car sales contract by 8.2 pct YoY in Feb amid drops for used passenger vehicles and lorries
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CPI slows to 6.1 pct in Feb as energy moderates, but rising food prices persist
Jan budget execution impacted by unplanned pandemic spending and snowstorm
The budget primary balance for the first month of 2022 came to a small surplus of 17 million euros, compared to a deficit of 1.47 billion euros in the same month last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday.
The primary balance is well ahead of the target by 1.16 billion euros. Expenditure, excluding interest payments and the public investment budget, came to 3.11 billion euros. Net revenues came to 3.86 billion euros, below target by 608 million euros.
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