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Primary surplus at 4.52 bln by Jun thanks to strong taxes, contained spending
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Lending to corporations drives strong credit expansion of 10.2 pct YoY in Jun
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Travel receipts maintain momentum in May with 17.7 pct YoY rise
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Significantly improved oil balance pushes current account to 196.5 mln surplus in May
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Industrial turnover resumes growth after 3 months, rising by 2.6 pct YoY in May
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Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
Final budget data for Oct verifies solid tax revenues on back of indirect and income tax haul
The budget primary balance in October was confirmed at a surplus of over 6 billion euros, compared to a deficit of 350 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Monday.
In the ten months of the year, the budget outperformed by more than 5.6 billion euros.
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