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Building activity down 15.2 pct in Feb for sharpest drop since 2020
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VAT and income taxes drive revenue and budget outperformance in April
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EC reports highlight tight fiscal path and economic challenges
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Travel surplus continues to grow in March, up 55 pct YoY in Q1
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Current account deficit widens to 2.4 bln in Mar, oil deficit more than doubles
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Industrial turnover posts slowest growth in 2 years, up 1.5 pct in March
Budget primary surplus to Oct confirmed at 6.5 bln, 2.9 bln above revised target
Greece’s budget primary surplus was confirmed at 6.5 billion euros in the 10-month period of 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
Despite the upward revision, the 10-month primary surplus still stands 2.93 billion above target. The outperformance mostly reflects a higher PIB balance (by 878 million), stronger revenue collection (by 825 million) and underspend (by 726 million).
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