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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
March budget primary balance short of target, but taxes continue to overperform
The budget primary balance for the first three months of 2022 was confirmed at 1.65 billion euros, compared to a deficit of 13.4 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
The primary balance was below the target by 319 million euros. Expenditure, excluding interest payments and the public investment budget, came to 11.7 billion euros. Net revenues reached 11.96 billion euros, below the target by 1.35 billion euros.
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