Budget primary deficit at 1.13 bln in Nov as taxes continue to outperform

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

The budget primary balance up to November 2022 came to a deficit of 1.13 billion euros, compared to a deficit of 7.89 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday.

As is the standard practice, once the final budget for the next year is submitted, the targets for the running year are revised. This means that the primary balance now beats the target by 1.11 billion euros. The overperformance up to last month was mor...

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