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Primary balance at 5.73 bln up to July as RRF-related spending revs up
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Import prices rise moderates to 6.9% YoY in June as energy continues to dominate
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Car sales slowed in July as drop in new vehicle sales prompts 3.9% YoY fall
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Industrial Production slows to 1.1% YoY in June as only manufacturing grows
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Trade deficit continues to drop, falling by 5% in H1
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CPI slows to 3.4% YoY in July as energy effects moderate
New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes
The Finance Ministry presented on Monday the latest Medium Term Fiscal Plan for the 2025-2028 after negotiations with Brussels within the context of the new SGP rules.
The new fiscal framework in the eurozone is based on mutually agreed spending ceilings between states and the European Commission, along the lines of a broad rule that primary spending should not grow by more than 3 pct annually.
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