Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
Unemployment rate remains lodged near 11 pct after no change in Aug
Weak demand and adverse weather reflected in Sep PMI, barely in expansion territory
Monthly rise of 3 pct for producer price index in Aug prompts cost concerns
Retail sales grow by 3.1 pct in Jul, as food sales continue to contract
Consumer confidence takes 10-point dive in September
Budget primary balance in H1 beats target by 1.47 bln on back of improved tax haul
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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