Resilience evident in Apr budget execution data as taxes beat target by 1.79 bln

EconomyMacroeconomy Tags: Budget, MoF, Taxes
Finance Ministry
Photo by MacroPolis

The budget primary balance for the first four months of 2022 came to a deficit of 811 million euros, compared to a deficit of 6.2 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.

The primary balance beat the target by 1.64 billion euros against an anticipated deficit of 2.45 billion euros at this point of the year. Expenditure, excluding interest payments and the public investment budget, came to 15.92 billion euros. Net revenue...

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