Feb budget primary surplus confirmed at 840 mln, as revenues overperform

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

The budget primary balance for the first two months of 2022 was confirmed to be a surplus of 840 million euros, compared to a deficit of 1.5 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Monday.

The primary balance is well ahead of the target by 1.08 billion euros. Expenditure, excluding interest payments and the public investment budget, came to 6.67 billion euros. Net revenues reached 8.85 billion euros, below the target by 1.09 billion euros.

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