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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
Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
The Greek authorities submitted to Brussels last week the updated Stability Programme for the 2022-2025 period, in which the impact of the cost-of-living crisis and the fallout from the conflict in Ukraine are reflected.
Real GDP growth is now revised down to 3.1 pct for this year, from the 4.5 pct growth estimate in the final budget for 2022. Harmonized inflation is also significantly revised to 5.6 pct for this year, before getting contained to 1.6 pct in 2023.
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