Budget primary balance in H1 beats target by 1.47 bln on back of improved tax haul

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

The budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros, compared to a deficit of 9.09 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 1.47 billion euros against an anticipated deficit of 4.9 billion euros at this point of the year. Expenditure, excluding interest payments and the public investment budget, came to 25.97 billion euros. Net revenues...

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