July travel surplus of 2.14 bln affirms comeback for tourism sector
Rise in wages index slows to 2.5 pct in Q2 but hits six successive quarters of growth
Current account turns surplus in July as travel steps up
RRF injection pushes primary balance above target, but regular tax revenues short by 504 mln
Spurred by rising employment, Q2 unemployment drops to 10-year low of 15.8 pct
Unemployment rate down to 14.2 pct in July, lowest since Nov 2010
Signifcant underspend covers revenue shortfall for budget primary surplus to August
Greece’s budget primary surplus significantly improved to 3.8 billion in the 8-month period of 2015 from 1.95 billion last year, the Finance Ministry (MoF) final budget data displayed on Thursday. Today’s figures confirm preliminary the preliminary data released on September 16.
Compared to target, the actual figure indicates an outperformance of 535 million so far this year. This is attributed to lower primary expenditure (by 2.8 billion), military procurement (by 361 million) and tax refunds (by 250 million) as well as higher...
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