Mixed picture for deposits continues in Aug with rise of just 190 mln
Credit net flows remain negative in Aug, growth at just 0.9 pct YoY
Budget overperformance in Aug fuelled by VAT and income tax, spending significantly contained
Travel balance to July soars by 19 pct, reaching almost 9 bln
Agriculture output prices jump 28.7 pct YoY in Jul, despite input costs falling
Industrial turnover drops by 10.2 pct in Jul, driven by foreign markets and manufacturing
General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
The general government (gg) primary cash balance showed the surplus shrinking by more than two thirds year on year (YoY), landing at 1.02 billion euros in the first two months of 2015 from 3.17 billion in the corresponding period last year, according to the bulletin published by the Ministry of Finance (MoF) on Tuesday.
In the corresponding period of 2014, social security funds had recorded a surplus of 788 million euros, implying a negative fiscal change this year of almost 1 billion YoY. This sector has had the worst fiscal performance so far in 2015.
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