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
Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
Greece’s budget primary surplus stood at 4.39 billion in 2016, almost double the 2015 figure of 2.27 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Tuesday.
The headline figure beat the full-year target by 2.41 billion largely due to revenue outperformance (by 1.82 billion) also supported by lower Public Investment Budget (PIB) deficit (by 258 million) and underspend (by 246 million).
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