Final budget execution for June affirms solid revenues, driven by VAT and income tax

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Final budget execution for June affirms solid revenues, driven by VAT and income tax

EconomyMacroeconomy 26/07/2022 - 09:06 Tags: Budget, MoF, Revenues

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 during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Monday.

The primary balance beat the target by 1.47 billion euros. Expenditure, excluding interest payments and the public investment budget, came to 25.97 billion euros. Net revenues reached 26.26 billion euros, above the target by 2.08 billion euros.

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