Budget primary surplus comfortably beats target in May as taxes outperform by 2 bln

Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP 7 hours ago
Unemployment rate remains lodged near 11 pct after no change in Aug 02/10/2023 - 14:40
Weak demand and adverse weather reflected in Sep PMI, barely in expansion territory 02/10/2023 - 14:29
Monthly rise of 3 pct for producer price index in Aug prompts cost concerns 29/09/2023 - 15:50
Retail sales grow by 3.1 pct in Jul, as food sales continue to contract 29/09/2023 - 15:39
Consumer confidence takes 10-point dive in September 28/09/2023 - 15:03

Budget primary surplus comfortably beats target in May as taxes outperform by 2 bln

EconomyMacroeconomy 15/06/2023 - 12:10 Tags: Budget, MoF

The budget primary balance came to a surplus of 2.29 billion euros in May, compared to a deficit of 1.49 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday.

In the first five months of the year, the budget outperformed by 3.69 billion euros.

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