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
Current account deficit shrinks to 7 bln in 7 months as energy and imports ease
Loans managed by servicers broadly stable in Q2 at 71.16 bln
Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
Greece’s budget primary surplus significantly widened to 3.53 billion euros in the 7-month period of 2015 from 1.88 billion in the first half, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday.
This means that the primary surplus in July reached 1.65 billion euros, which is the highest monthly reading in 2015 and is attributed to a jump in revenues above the 5-billion-euro mark for the first time this year.
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