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Primary surplus up to June at 4.48 bln as taxes continue to outperform, spending contained
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Energy continues to drive import prices as May sees 13.3% YoY rise
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New passenger cars push June sales to highest since 2010
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Industrial production accelerates to 3.9% YoY in May, led by electricity supply
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Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
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Pension policy U-turn highlights government’s election concerns
Strong taxes and significant underspend push 9M primary balance 3.45 bln above target
The budget primary balance recorded a surplus of 8.74 billion euros up to September, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday.
During the nine months of the year, the primary balance came in 3.45 billion euros above the target.
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