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Industrial turnover grows by 3.1 pct in Feb, led by mining and domestic market -
Current account records sharp deficit of 3.16 bln in Feb as goods balance deteriorates -
IMF sees 2024 growth at 2 pct, debt on downward trend due to high primary surpluses -
Government tones down fiscal pledges as tighter framework starts to bite -
Budget outperforms in Mar, delivers 2.95 bln primary surplus thanks to strong tax collection -
Import price drop slows further to 2.8 pct in Feb
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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