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Inflation and economic bounce boost tax revenues as Jan-Apr budget primary balance beats target by 1.65 bln
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Removal of restrictions boosts travel receipts in Mar
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Growth in industrial turnover continues in Mar as manufacturing, petroleum products lead 38.3 pct rise
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Current account deficit deepens in Mar, reaching 6.45 bln for Q1
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Public debt jumps by more than 6 bln in Q1, nearing 395 bln in total
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Central govt cash balance records surplus of 714 mln in April, improves by 5 bln YoY in first four months
Greece's fiscal path becoming clearer; sizeable adjustment lies ahead
After two years of fiscal relaxation across the eurozone thanks to the activation of the escape clause, allowing fiscal rules to be eased so governments could cushion the blow of the pandemic, Greece’s future fiscal path started to take shape over the last few days.
The country’s fiscal commitment was defined at the end of the third programme in 2018 and was incorporated into the Greek debt sustainability analysis (DSA) that was carried out by the European Commission soon afterwards.
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