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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
Solid revenues, contained spending lead to primary balance beating target by 2 bln in Nov
The budget primary balance came to a surplus of 5.85 billion euros in November, compared to a deficit of 1.09 billion euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday.
In the eleven months of the year, the primary balance outperformed by 2.08 billion euros.
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