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
General gov't primary cash surplus markedly better in July but arrears climb
The general government (gg) primary cash surplus narrowed by 18 percent to 2.35 billion euros in the 7-month period of 2015 from 2.87 billion last year, according the gg bulletin published by the Ministry of Finance (MoF) on Monday.
However, on a monthly basis the cash surplus substantially improved to 2.26 billion euros in July, which is more than double year on year (YoY). This was mainly driven by the high surpluses posted in the state budget (1.75 billion) and social security f...
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