Jan budget deficit confirmed at 15 mln, revenues 610 mln short and spending underexecuted

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

The budget primary balance for the first month of 2022 came to a small surplus of 15 million euros, compared to a deficit of 1.47 billion euros in the same month last year, according to the final Finance Ministry (MoF) budget execution data released on Friday.

The primary balance is well ahead of the target by 1.15 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 the target by 610 million euros.

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