Inflation and economic bounce boost tax revenues as Jan-Apr budget primary balance beats target by 1.65 bln

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

The budget primary balance for the first four months of 2022 was confirmed at a deficit of 799 million euros, compared to a deficit of 6.2 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.

The primary balance beat the target by 1.65 billion euros. Expenditure, excluding interest payments and the public investment budget, came to 15.92 billion euros. Net revenues reached 17.69 billion euros, above the target by 699 million euros.

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