Budget starts new year on track, timing factors lead to 1.16 bln outperformance
Record year for tourism in 2023 with 20.46 bln in receipts, 32.74 mln visitors
Industrial turnover drops by 7.2 pct in Dec, pulling 2023 figure 4.1 pct lower
Current account deficit drops sharply to 14.13 bln in 2023 as energy effects moderate
European Commission leaves 2024 growth estimate of 2.3 pct unchanged
Strong start to budget execution in 2024 as Jan brings 2.12 bln primary surplus
Inflation and economic bounce boost tax revenues as Jan-Apr budget primary balance beats target by 1.65 bln
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.
If you are already registered, please sign in.
A tailor-made service for professionals
Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.
Read some of our analysis for no charge
By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.
Our analysis and data at your fingertips
Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.€500.00