Credit growth at 2.1 pct in Oct, but flow negative by 856 mln
Deposits drop by a sharp 2.14 bln in Oct, driven by corporations
Aug sees second annual drop in building activity with 4 pct decline
Final budget data for Oct verifies solid tax revenues on back of indirect and income tax haul
Despite slowdown, property prices jump by 11.9 pct YoY in Q3
Rise of 17.3 pct in arrivals by Sept means receipts already exceed 2019 record
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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